It's True--Money buys happiness

We're not Homo economicus: Why smart people do stupid things with money.

Darkfrog submitted, created time 11 months 1 week (www.sciam.com)

At first glance, I thought that this article in Scientific American would be an attempt to explain the evolutionary basis behind these crazy swinging markets. Instead, it's less about money specifically and more about why people sometimes value fairness or justice above their own self-interest. Even so, it does turn out that it's yet another case of "Well it made sense when we lived as hunter-gatherers!"

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Smart people earn income; steady people generate wealth

Darkfrog submitted, created time 1 year 8 months (www.sciam.com)

This article seems to explore the assumption that smart people make more money, but what it's actually doing is explaining the difference between income and wealth. People with high IQ's, it says, make more money per year (income) but don't necessarily accumulate more wealth (assets minus debts).

In general, the people who become wealthy are those who spend less than they make and invest regularly. That sounds pretty smart to me, but then, one doesn't have to have an IQ over 130 to figure it out

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