Summary
In Barry Schwartz's TED talk "The Paradox of Choice" concludes that having too many options can be overwhelming and lead to decision paralysis. He argues that we must find a balance between having enough choices to make decisions and not so many that we become overwhelmed. Schwartz suggests that the abundance of choices in modern society can be daunting and cause us to freeze up, unable to make a choice out of fear of making the wrong one while we may settle for good enough choices instead of perfection.
In the article "From the 'perfect' salary to keeping up with the Joneses, here’s how money really affects your happiness" by Cory Stieg, her Conclusion is that While money can contribute to happiness, it is not the sole determinant and that our perceptions of what is enough or adequate can affect our well-being. Money can add to happiness up to a certain point, beyond which there is a diminishing return on happiness. Focusing on our own financial goals and values rather than comparing ourselves to others can lead to greater well-being and satisfaction.
I agree with both Barry Schwartz and Cory Stieg that money can contribute to happiness but only up to a certain point. is important to recognize the contribution to our perceptions of what is enough. Income inequality and lack of access to basic needs like healthcare and education can impact our sense of security and well-being while money can contribute to happiness, which is not the only factor that we need to consider other aspects of life.
One thought on “Argument conversation 5”
Hi Julissa,
You summarized both the TedTalk and the article very well. I also agreed with both authors, seeing as there have been many cases where money doesn’t exactly equal one’s happiness. It is in fact not the only factor to consider, ALTHOUGH it is certainly a factor that affects many people from all across the world, especially those in countries like Cuba and North Korea.