What is important in life? Economists, insurance adjusters and old people agree.
Eric Barker stashed this in Diabolical Plans For World Domination
Eric, you've become EXCELLENT with your opening stories:
Let’s check with three groups who know about how to value a life:
- Insurance adjusters: Want some harsh truths about human nature? These guys will show you the dark side of evaluating lives when deciding how to pay out in wrongful death cases.
- Economists: Valuing things is their bread and butter. We can get some data-rich answers here.
- Old people: You’re guessing what the rest of your life is worth. They’ve already finished the race.
What’s funny is, though they may disagree on a lot of things, in the end they all recognize one thing that really makes a life valuable: Relationships.
Let’s get started...
I vow not to stare at a screen all by myself!
Vaillant’s insight came from his seminal work on the Grant Study, an almost seventy-year (and ongoing) longitudinal investigation of the developmental trajectories of Harvard College graduates. (This study is also referred to as the Harvard Study.) In a study led by Derek Isaacowitz, we found that the capacity to love and be loved was the single strength most clearly associated with subjective well-being at age eighty.
The lead researcher was asked “What have you learned from the Grant Study men?”