Why Winning the Lottery Ruins People

A look into the psychological concept of hedonic adaptation.

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TIMESTAMPS
0:00 - Intro
0:30 - 70% of Lottery Winners End Up Broke or Miserable
1:28 - Daily Hedonic Setpoint
4:17 - Not Possible to Always Be Happy
7:39 - Diminishing Marginal Utility
9:35 - Dan Bilzerian on Perspective
10:59 - Final Thoughts