Some purchases are much less subject to the adaptation principle. Frank wants to know why people are so devoted to spending money on luxuries and other goods, to which they adapt completely, rather than on things that would make them lastingly happier. For example, people would be happier and healthier if they took more time off and “spent” it with their family and friends, yet America has long been heading in the opposite direction. People would be happier if they reduced their commuting time, even if it meant living in smaller houses, yet American trends are toward ever larger houses and
...more