Myth of Hedonic Adaptation [...]

The same thing applies to positive events. While it’s “common knowledge” that winning the lottery doesn’t make people happier, it turns out that isn’t true, either.

In both cases, early cross-sectional results indicated that it’s plausible that extreme events, like winning the lottery or becoming disabled, don’t have long term effects on happiness. But the longitudinal studies that follow individuals and measure the happiness of the same person over time as events happen show the opposite result – events do, in fact, affect happiness. For the most part, these aren’t new results (some of the initial results predate Daniel Gilbert’s book), but the older results based on less rigorous studies continue to propagate faster than the corrections. (Source)

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