GLOSSARY · BUDGETING, SPENDING & SAVING
Hedonic adaptation
The tendency for people to return to a fairly stable level of happiness after good or bad changes, so that the pleasure of a new purchase or a higher standard of living fades as it becomes normal. It helps explain why spending tends to rise with income without lasting gains in contentment, and why experiences and chosen upgrades often satisfy longer than objects.
Also called: hedonic treadmill
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CHAPTER · EXPENSE TRACKING & AWARENESS · FOUNDATIONSSpending on What Matters to YouCHAPTER · LIFESTYLE DESIGN & INTENTIONAL BUDGETING · DEEP DIVESpending by Your ValuesRELATED TERMS
SOURCES
- Hedonic Adaptation. Frederick & Loewenstein, in Well-Being: The Foundations of Hedonic Psychology, Russell Sage Foundation, 1999.
- Hedonic Relativism and Planning the Good Society. Brickman & Campbell, in Adaptation-Level Theory (ed. Appley), 1971.
- Lottery Winners and Accident Victims: Is Happiness Relative?. Brickman, Coates & Janoff-Bulman, Journal of Personality and Social Psychology, 1978.