Which of the following statements about the so-called "hedonic treadmill" is not true?Multiple ChoiceA. It is a consequence of the fact that our brains are wired to notice changes rather than states.B. An increase in consumption level will give a permanent increase in happiness.C. It is the reason why people across a wide spectrum of incomes are found to be equally happy.D. A one-shot increase in income will, in the long run, not affect people's sense of satisfaction.

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31-12-2019
Business

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Which of the following statements about the so-called "hedonic treadmill" is not true?Multiple ChoiceA. It is a consequence of the fact that our brains are wired to notice changes rather than states.B. An increase in consumption level will give a permanent increase in happiness.C. It is the reason why people across a wide spectrum of incomes are found to be equally happy.D. A one-shot increase in income will, in the long run, not affect people's sense of satisfaction.

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Nyctalus Nyctalus · Answer 1 · 2019-12-31T05:32:34+01:00

Answer: Option B

Explanation: A hedonic treadmill is a person's propensity to stay at a fairly stable level of comfort and happiness following a fortune shift or big goals being accomplished. As an individual earns more money, their aspirations and impulses grow in tandem, as per the hedonic treadmill model.

As a consequence, the increase in income does not result in a lasting improvement in satisfaction. The hedonic treadmill phenomenon states the often-held fact that wealthy individuals are just no happier than people living in poverty, and sometimes quite happy are those with serious financial problems.

Thus, from the above we can conclude that the correct option is B.