Friday, May 12, 2006

But I want my marraige AND a PS3!

NTodd, our friend and unofficial wedding photographer, has posted a link on his blog to a Slate article that compares the happiness of a lasting marraige to that offered by a relationship with a brand spanking new Sony PlayStaion 3...
As summer approaches, millions of Americans busily plan their weddings, full of hope for the future. That is understandable. In recent years, a number of economists and sociologists, including Christopher Jencks, David Ellwood, Kathryn Edin, Daniel Hamermesh, and David Popenoe have stressed the benefits of marriage. But before you tie the knot, pause for a moment and consider whether a spouse is what you really need. Could it be that you'd be happier if you shacked up with the Sony PlayStation 3?

Economists David Blanchflower and Andrew Oswald have suggested that a lasting marriage produces as much happiness as an extra $100,000 a year in salary. This might sound like a strong case for getting hitched. But many economists have shown that happiness is expensive—$100,000 will buy you only a small amount of joy. Studies like these also hide individual variation. Marriage isn't worth $100,000 to just anybody. A recent German study found that matrimony's hedonic gains go disproportionately to couples who have similar education levels but a wide income gap. Worse yet, on average, people adapt very quickly and completely to marriage. As anyone who's ever consumed seven pumpkin pies in one sitting knows, we quickly get used to our favorite new things, and we just as quickly tire of them. As Harvard psychologist Dan Gilbert artfully puts it, "Psychologists call this habituation, economists call it declining marginal utility, and the rest of us call it marriage."

We submit that a relationship with a PlayStation 3 is worth at least $100,000 a year in happiness for all individuals. Unlike a nagging spouse, the PS3 doesn't care about your income or your level of education—it loves you just the way you are. It is true that you will eventually become accustomed to your sleek new PS3, but this will take an extremely long time. The PS3, after all, has been built expressly to keep mind-blowing novelty coming and coming and coming. Periodic infusions of novelty—new games—will keep the endorphins flowing....
A PS3 is so going on the registry.

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