Wealth is a combination of your subjective ideas about money and subjective expected utility (SEU, rational economic decisionmaking that describes your attempts to maximize your resources).

First, because all value is subjective, wealth must also be subjective. There is no denying however that some types of subjective value in our society have real utility, like money.

So it appears that the best approach would be to cultivate feelings of wealth and maximize your subjective expected utility.

Cultivating feelings of wealth means that you use words and attitudes to generate feelings of being very wealthy.

Maximizing your subjective expected utility means maximizing your resources. For instance, getting a job and contributing to your 401k.

Discuss this post in the Happy Forum. Learn more about these ideas at the Happy Wiki.

This entry was posted on Wednesday, May 30th, 2007 at 2:12 pm and is filed under Happiness. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.