Would Winning The Lottery Make You Happier? – Raj Raghunathan

The video suggests that winning the lottery may not make you happier in the long run. Studies have shown that our emotional well-being does not improve with wealth or status beyond a certain point. This has to do with a phenomenon known as hedonic adaptation, or the hedonic treadmill, which describes our tendency to adapt to new situations to maintain a stable emotional equilibrium. It also discusses that managing large sums of money can be difficult and can lead to social isolation. However, it suggests that spending money on experiences and other people can bring happiness.