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Defining Happiness

November 25, 2014 / 12:56

This episode discusses the relationship between time, money, and happiness, featuring research findings on how age influences happiness experiences. The guest highlights that focusing on time rather than money can lead to greater happiness. Studies show that younger individuals tend to express excited happiness, while older individuals lean towards calm happiness. The episode also covers how ordinary experiences can produce as much happiness as extraordinary ones, especially for older adults.

The guest explains a study conducted in a cafe where participants exposed to time-related words engaged more with others and reported higher happiness levels than those exposed to money-related words. Additionally, the episode emphasizes the implications for marketers in understanding different demographics and how to connect with them through messaging about happiness.

Listeners learn about the importance of shifting focus from money to time, as well as the evolving nature of happiness throughout life. The guest also references a recent news story about Iranians arrested for dancing to the song "Happy," illustrating the universal pursuit of happiness.

TL;DR

Focusing on time over money enhances happiness, especially as we age.

Episode

12:56
00:00:01
I research people's happiness um and
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what I found across the work is that
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time plays a critical role so for
00:00:08
instance I've looked at what's the
00:00:10
effect of merely drawing people's
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attention to time as opposed to our
00:00:14
other lovely resource of money how does
00:00:17
that impact people's levels of happiness
00:00:19
how does age and more specifically the
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amount of time people feel like they
00:00:24
have left in life influence both how
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people experience happiness as well well
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as the types of experiences that elicit
00:00:33
greater happiness so for example the
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things that I have found is that
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focusing on time leads to Greater
00:00:42
happiness than focusing on money and the
00:00:45
way that I explored that was building on
00:00:48
prior work which has tracked how people
00:00:52
spend their days and also how people
00:00:54
feel over the course of their days
00:00:55
finding that people are happiest when
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they are connecting with other people
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there least happy when they are doing
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work or commuting and so I wanted to see
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would thinking about time versus money
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influence people's Tendencies to behave
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in particularly happy or unhappy ways
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and so in one
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study I looked in a context um in which
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people both connect with others as well
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as do work namely at a cafe and so what
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I did was as people were entering a cafe
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asked them to fill out a survey and on
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survey was a sentence and scramble task
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which surreptitiously exposed them to
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time related words or money related
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words and they were thaned they went
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into the cafe and unbeknownst to them we
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observed how they spent their time at
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the cafe noting the extent to which they
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were connecting with other people at the
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cafe talking to others or on the phone
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um the extent to which they were doing
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work so either on their computers or
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reading books um and as they left the
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cafe we we conducted another survey
00:02:01
asking how happy they felt and those who
00:02:03
were led to think about happiness or
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time rather going into the cafe spent
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more time connecting and left happier
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than those who were led to think about
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money going into the cafe in the other
00:02:15
work um I have found that age influences
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how people experience happiness so the
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way we looked into this initially was
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looking at how people Express feeling
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happy on their personal blog so we
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looked at millions of blogs any any time
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someone wrote I feel or I'm feeling
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happy we looked at the content of that
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emotional expression and what we found
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was that there's really two forms of
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happiness that emerged one that's really
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tied to feeling excited and the other
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that's tied to feeling calm and based on
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the blogger's profile information we
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could see who it was that was expressing
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these different types of Happiness so
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what we found was that people people in
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their teens and 20s were significantly
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more likely to express excited happiness
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than calm happiness people in their 30s
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were actually equally as likely to
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express one or the other and then people
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in their 40s 50s 60s and above were
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significantly more likely to express
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feeling calm happiness than excited
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happiness suggesting that the way that
00:03:20
we feel happy um changes over the course
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of our life um in other work we're
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looking at the types of experiences that
00:03:29
are associated with greater happiness
00:03:31
Finding that again actually age has an
00:03:34
impact so comparing the happiness that
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people extract from extraordinary
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experiences you know those bucket list
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type events like um in credible
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vacations um life Milestones graduation
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getting married um versus ordinary
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experiences those mundane everyday
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events um and what we found was that
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amongst younger people or people who
00:04:00
felt like they had a lot of time left in
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life it was really those extraordinary
00:04:04
experiences that led to Greater
00:04:05
happiness but interestingly as people
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got older those ordinary experiences
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produced greater happiness such that
00:04:14
amongst older
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participants um they felt as much
00:04:18
happiness from ordinary experiences as
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from extraordinary
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experiences well I thought I was really
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interesting that when a 20-year-old says
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I feel happy and when a 60-year-old says
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the very same thing I feel happy they're
00:04:38
likely feeling very different things um
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one excited you know an excited feeling
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and the other um a greater sense of calm
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um I also think it's uh surprising and
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actually quite nice that these ordinary
00:04:56
experiences those little moments um that
00:04:59
sort of pop up every day can produce as
00:05:03
much happiness as extraordinary moments
00:05:06
and I think that's really powerful in
00:05:08
terms of where people find um the
00:05:11
happiness in their
00:05:15
life so an interesting implication for
00:05:19
consumers or really anyone who's
00:05:21
interested in feeling happy is to shift
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attention away from money which is a
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resource that tends to absorb most of
00:05:30
our attention and our sort of thinking
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and planning on a daily basis and shift
00:05:34
it to this other sort of I would argue
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fundamentally precious um resource of
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time and in making that shift it will
00:05:46
remind you and motivate you to behave in
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ways that are happier and to spend your
00:05:51
time in more fulfilling ways um another
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implication is
00:05:56
to understand that what makes you happy
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and even the way that you feel
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Happyness um will or has changed over
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the course of your life so not holding
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your um in evaluating or assessing your
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level of Happiness not holding yourself
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to a standard that was either you know a
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concept that you had when you were
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younger um and allowing yourself to
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accept and sort of appreciate that it is
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maybe those Quiet Moments those calming
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moments
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um where you really will find happiness
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it doesn't mean that you're boring if
00:06:34
you're fired up about you know a Friday
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night on the couch watching TV or movies
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um that allowing yourself and realizing
00:06:43
that that's actually perhaps if that's
00:06:45
what you want to be doing that that is a
00:06:48
happy
00:06:53
outcome yeah so it has um tremendous
00:06:56
implications for marketers in two ways
00:06:59
first you see more and more examples of
00:07:03
marketers through their campaigns um and
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S branding of trying to really connect
00:07:10
with consumers on this fundamental level
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by promising happiness and what it
00:07:16
suggests is
00:07:18
that they should think about um first of
00:07:22
all who they're targeting what
00:07:24
demographic are they trying to speak to
00:07:26
older or younger individuals um and Ed L
00:07:30
how should they be communicating that
00:07:32
happiness that they're promising is it
00:07:35
this excitement these like loud colors
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um high energy um intense color um or is
00:07:45
it should they be conveying happiness as
00:07:47
a more sort of tranquil Serene calm type
00:07:49
of Happiness to really connect with and
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resonate with an older
00:07:54
consumer um it also has more
00:07:56
implications for marketers who are more
00:07:59
and more there's this trend towards
00:08:00
dialing up the experiential aspect of
00:08:03
your product or brand and it's
00:08:06
suggesting that again um they should
00:08:10
consider who they're looking to connect
00:08:12
with and speak to um in terms of in
00:08:16
order to inform the types of experiences
00:08:18
that they are really positioning
00:08:20
themselves with respect to so is it this
00:08:22
exciting extraordinary those types of
00:08:25
experiences or is it those more everyday
00:08:29
main experiences that will really
00:08:31
resonate um with their target
00:08:37
consumer well uh there is the news story
00:08:40
from a couple of weeks ago when six
00:08:42
Iranians were arrested for posting on
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YouTube a video of them dancing and um
00:08:50
to the Fel song Happy um and I think it
00:08:55
what it does is first of all the the
00:08:58
fact that the F song happy has become a
00:09:00
phenomen phenomenon in and of itself
00:09:03
suggests that this emotion of happiness
00:09:06
is so fundamental and so motivating and
00:09:09
so resonant with people um and the fact
00:09:14
that uh there's been such an outpouring
00:09:16
of support and care for these young
00:09:19
Iranians who were arrested for that the
00:09:22
act of celebrating um and sharing their
00:09:27
happiness um just goes to show how um
00:09:32
effective uh this emotion um of
00:09:36
happiness
00:09:41
is so what it suggests is that happiness
00:09:44
is not a
00:09:46
singular thing that people you know are
00:09:49
pursuing and will someday get there um
00:09:53
instead and on the other hand it's
00:09:55
actually not idio purely idiosyncratic
00:09:58
and something different to everyone um
00:10:01
instead there is predictable regularity
00:10:05
in how people experience happiness as
00:10:07
well as the experiences that elicit
00:10:09
happiness and there's a systematic shift
00:10:11
over the course of people's lives
00:10:14
whereby when people are younger
00:10:15
happiness is more about feeling excited
00:10:18
as people get older happiness is more
00:10:20
about feeling
00:10:25
calm it suggests that we should be
00:10:28
shifting our attention um away from
00:10:30
money and towards time so there is a lot
00:10:34
of attention within the business school
00:10:38
of Wharton and research um on money in
00:10:40
the bottom line and also within
00:10:42
psychology and happiness research that's
00:10:44
looking at this relationship of does
00:10:47
money buy happiness and I would argue in
00:10:50
my research would argue that um that
00:10:53
there is a lot of value in shifting
00:10:55
attention altogether um towards this
00:10:58
other resource um that is so fundamental
00:11:01
to us and that is
00:11:05
time I exploring several different sort
00:11:08
of paths all related to time and
00:11:11
happiness um one is what are happy ways
00:11:14
of spending time we've been looking at
00:11:17
whether people should be filling their
00:11:19
days with more variety versus less
00:11:22
variety so um and so far it suggests
00:11:26
that in general actually variety is a
00:11:28
spice of life people um enjoy greater
00:11:31
happiness from a more varied activities
00:11:33
but that is not the case when you get to
00:11:35
smaller partitions of time like an hour
00:11:38
um and in some cases even a day where
00:11:41
too much variety makes you feel like you
00:11:42
haven't gotten anything completed um in
00:11:46
other work I am looking at um with a
00:11:49
doctoral student of mine we're exploring
00:11:51
the impact of giving time on the extent
00:11:55
to which people feel connected with
00:11:56
other people so specifically find ing
00:11:59
that when people give experiential gifts
00:12:02
the gift of time um people the recipient
00:12:05
feels more connected to their gift giver
00:12:07
than um receiving a material gift uh and
00:12:11
finally I'm doing work looking at
00:12:14
whether
00:12:15
people would prefer feeling happy over
00:12:19
the course of an hour or their life or
00:12:23
whether they would prefer feeling happy
00:12:25
looking back on that hour or life so
00:12:29
this preference between experienced
00:12:30
versus remembered
00:12:35
[Music]
00:12:54
happiness

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Episode Highlights

  • The Role of Time in Happiness
    Research shows that focusing on time rather than money enhances happiness levels.
    “Focusing on time leads to greater happiness than focusing on money.”
    @ 00m 40s
    November 25, 2014
  • Age and Happiness
    As people age, their expression of happiness shifts from excitement to calmness.
    “Happiness changes over the course of our life.”
    @ 03m 20s
    November 25, 2014
  • The Power of Ordinary Moments
    Ordinary experiences can yield significant happiness, especially for older individuals.
    “Ordinary experiences can produce as much happiness as extraordinary moments.”
    @ 04m 56s
    November 25, 2014

Episode Quotes

  • Focusing on time leads to greater happiness than focusing on money.
    Defining Happiness
  • Happiness changes over the course of our life.
    Defining Happiness
  • Ordinary experiences can produce as much happiness as extraordinary moments.
    Defining Happiness
  • Happiness is not a singular thing that people are pursuing.
    Defining Happiness

Key Moments

  • Time vs Money00:40
  • Age and Happiness03:20
  • Ordinary Joys04:56
  • Happiness Defined09:44

Words per Minute Over Time

Vibes Breakdown

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