Around 1 month ago, I wrote a similar Forum post on the Easterlin Paradox. I decided to take it down because: 1) after useful comments, the method looked a little half-baked; 2) I got in touch with two academics – Profs. Caspar Kaiser and Andrew Oswald – and we are now working on a paper together using a related method.
That blog post actually came to the opposite conclusion, but, as mentioned, I don't think the method was fully thought through.
I'm a little more confident about this work. It essentially summarises my Undergraduate dissertation. You can read a full version here. I'm hoping to publish this somewhere, over the Summer. So all feedback is welcome.
TLDR
* Life satisfaction (LS) appears flat over time, despite massive economic growth — the “Easterlin Paradox.”
* Some argue that happiness is rising, but we’re reporting it more conservatively — a phenomenon called rescaling.
* I test this hypothesis using a large (panel) dataset by asking a simple question: has the emotional impact of life events — e.g., unemployment, new relationships — weakened over time? If happiness scales have stretched, life events should “move the needle” less now than in the past.
* That’s exactly what I find: on average, the effect of the average life event on reported happiness has fallen by around 40%.
* This result is surprisingly robust to various model specifications. It suggests rescaling is a real phenomenon, and that (under 2 strong assumptions), underlying happiness may be 60% higher than reported happiness.
* There are some interesting EA-relevant implications for the merits of material abundance, and the limits to subjective wellbeing data.
1. Background: A Happiness Paradox
Here is a claim that I suspect most EAs would agree with: humans today live longer, richer, and healthier lives than any point in history. Yet we seem no happier for it. Self-reported life satisfaction (LS), usually measured on a 0–10 scale, has remained remarkably flat over the last f
It is unusual for a community as small as rationalism to have produced multiple instances of cult-like groups. And while this particular group is technically opposed to mainstream rationalism, they are still knee deep in rationalist epistemology (justifying extreme acts with "timeless decision theory" and so on). Something about the epistemics or community of rationalism is probably making these types of incidences more likely.
As long as EA is associated with rationalism, expect to continue getting second order splashback from these kind of incidences.
I don't think rationalism is that small a subculture in the Bay at this point, and the Bay Area rate of cult creation has historically been pretty high since the 1960s at least. Watching Slimepriestess' interview (linked in the LW thread comments), my impression is that the Zizians' beliefs and actions stemmed from a fusion of rationalist/EA beliefs, far-left anarchist politics, and general Bay Area looniness.