Daniel Gilbert Money And Happiness Chapter 7 Summary

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Hye Hyun Kim
Homework Assignment #1

1. Chapter 1 (Q#1) Why does Daniel Gilbert, author of Stumbling on Happiness, say that experiences might bring more satisfaction than durable goods? Do you agree or disagree?
= Gilbert says that money itself cannot bring happiness, but what and how they do with money is important to make people happy. He says that experiences bring more satisfaction than durable goods. I totally agree with his idea, because money itself doesn’t have any power. It can bring happiness and satisfaction at the beginning, but it actually makes people worry more with anxiety at the end. However, if people use money with reasonable purpose, they might be happy. For example, spending money on travel and donation absolutely gives satisfaction. Experiences control people’s thoughts and hearts, and people remember those moments.

2. Chapter 1 (Q#5) Lamanna and Reidmann have given a definition of family which
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The textbook says that, “optimism is a tendency to expect the best outcome or to think hopefully about a situation.” An optimist mostly opens his/her mind and tries to think and say positively. Optimism provides limitless benefits, in other words, unlimited advantages.

7. Chapter 3 (Q#5) What is the difference between intrinsic and extrinsic motivation? Which one do researchers know more about? Why?
= Intrinsic motivation is based on the internal need for competence and self-determination. For example, I read newspaper every morning to know and learn about the world and to build my value. Extrinsic motivation is based on forces external to the individual for rewards. For example, I study and work hard in school to get “A” grades and to get a nice job after graduation.

8. Chapter 3 (Q#1) Likewise, families form multigenerational value chains. Describe a shared value in your family which had endured over
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