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Will winning the lottery make you happier? Imagine winning a multi-million dollar lottery tomorrow. If youre like many of us, youd be ecstatic, unable to believe your good luck. But would that joy still be there a few years later? Maybe not. A famous study of 22 lottery winners showed that months after winning, their average reported levels of happiness had increased no more than that of a control group who hadnt won the lottery. Some were actually unhappier than they had been before winning. And later studies have confirmed that our emotional well-being, how often and how intensely we feel things like joy, sorrow, anxiety, or anger, dont seem to improve with wealth or status beyond a certain point. This has to do with a phenomenon known as hedonic adaptation, or the hedonic treadmill. It describes our tendency to adapt to new situations to maintain a stable emotional equilibrium. When it comes to feeling happy, most of us seem to have a base level that stays more or less consta