PSYC12H3 Lecture Notes - Major Depressive Disorder, Marginal Utility, Anchoring
Document Summary
10/10/13 (looking at graph)the increasing in wealth and per capita gdp, the richer the countries are the more money they get to spend and the happier they are. Doubling of gdp is associated with constant increase in life satisfaction-> once you reach 20 000 per capita money no longer buys you happiness, and that"s 100 000 thousand dollars and more money wouldn"t make you happier. Welfare and spending money on developing poor countries. Countries that want to increase gdp and exploiting their resources. Correlating something tangible like money and using that to predict single rating on life satisfaction. Figure. 4, domain satisfaction-> having a life that matches your domain and then why do we see low ses and one domain was health satisfaction and looking at young people 15- 19 there is a small effect and in rich countries and poor countries the health satisfaction is high.
