Time Value of Money and Happiness

An important question in the well-being literature is how earning and spending money makes people happy. Some studies have shown that are happier when constant payments, on significant others. However, some findings suggest with financial expertise may different preferences based time value of money. The current study was designed to address this issue by asking both novices experts if at decreasing, or increasing rates would make them happier. By replicating and, more importantly, disambiguating previous findings, results payments debts, whereas decreasing investments. These ways depending their expertise.