# Based on joint work with Stefano Castriota. Helpful comments by Anat Itay, Ramzi Mabsout and Ro... more # Based on joint work with Stefano Castriota. Helpful comments by Anat Itay, Ramzi Mabsout and Robbert Maseland are gratefully acknowledged. The usual disclaimer applies. 1 King and Napa (1998) actually investigate how much value people attach to happiness by examining its contribution to the desirability of a certain hypothetical life and compare it with the contribution wealth and the presence of meaning make to the desirability of a given life. Their results confirm the folk wisdom developed over the ages: happiness and meaning make for the good life, and their effect on the desirability of a certain life is some five (happiness) to six (meaning) times higher than that of wealth. Relatedly, Diener and Oishi (2004) asked a sample of college students from different countries to rate the importance of happiness and other values on a scale from 1 to 9. Happiness came out first with a score of 8.0, slightly above health and love & affection (7.9), but well above wealth (6.8), amongst others. SWB further matters in that it fosters good outcomes in many domains of life, e.g. in work life, relationships and health . Low SWB is also associated with general health risk and higher rates of suicide .
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