What I want to argue for is not that we should give up on our ideas of success, but that we should make sure that they are our own. what you love about the competitive aspects (challenge of resiliency, performing under pressure, fun of solving puzzles etc.).what you love about building and honing your skills (the growth path).what you love about the process (the engaging aspects of what you do each day).
#Hedonic adaption how to
So how to get off the hedonic treadmill? Focus on the journey, which means the day-to-day constants of what you love: The middle school teacher making 35K a year, feeling a sense of purpose and joy in what she does, may well be enjoying a better life than you.) (And if your day-to-day sucks, as it does for many i-bankers and obscenely paid corporate lawyers, then guess what? That house in the Hamptons doesn’t make the balance. If you don’t like what you’re doing, there are increased odds you will fail (because people who truly love it will outwork you while expending less energy), and even if you succeed you might not be happy, because the perks of success will hedonically adjust, leaving only the day-to-day as your bedrock source of satisfaction. Investment banking is the quintessential example of this. This is a huge reason why “I want to make a lot of money” is not a truly legitimate reason to pursue a job or career - especially in a field you don’t like. If you don’t have access to this joy - the joy of playing the game, the joy of building your skills - you are handicapped in comparison to competitors who do.
The process itself is what keeps you fascinated and engaged and coming back, and the thrill of tuition accumulation (learning experience) is what keeps you smiling in the periods when you get roughed up.
#Hedonic adaption plus
This plus the 90/10 nature of profit distribution means the pain of trading is almost guaranteed to net out at greater cost than the pleasure, even if you are solidly profitable (and especially if you aren’t)… unless you love the game and love playing it for its own sake, in which case love of the game itself, and the daily pleasure and satisfaction derived from that - from the “journey” - keeps your emotional bank account in surplus, even in grueling periods. Some studies suggest the psychological impact of loss is twice as powerful if not more. Humans are wired to experience greater pain from losses than pleasure from comparable gains. This is especially true in trading, where loss aversion and the cumulative impact of the grind create a built-in psychic deficit. The hedonic treadmill - the “so what” nature of success, and the fact that the thrill of victory is fleeting - makes enjoyment of day-to-day process all the more important. If you have Christmas every day, or even every week, you start to get bored with it. So for ‘Bama fans to be “bored” with their dynasty is really something. You would have thought the rapture was taking place.Ĭollege ball is basically a religion in the South. Screaming, stomping, t-shirt ripping (male and female alike)… smuggled alcoholic beverages poured on people’s heads (mostly accidental, sometimes not)… it was the most emotion-laden sports event I’ve ever attended. The Auburn-Alabama game (a premier Southern rivalry) was off-the-charts insane. I was at Auburn the year they went 11-0 with a media blackout (due to a coaching infraction). I went to high school in Atlanta and attended Auburn University my freshman year (before transferring to a tiny liberal arts college and later studying abroad). In the South, you see, college football fans make regular sports fanatics look like stoned hippies. To understand how wild this is, it helps to have familiarity with college football in the South.
WSJ, At Alabama, Fans Are Getting a Little Bored With All the Winning “You can do a whole lot of other things on a Saturday, like get a head start on your drinking or sleep in, that are a lot more interesting.” “You get to the point where there’s a game against Western Carolina at 11 in the morning that’s not really worth waking up for,” said Marc Torrence, the newspaper’s sports editor, referring to a 49-0 rout last season.
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