“We Thought Our Pay Would Be Higher” –Bankers

Theory: Expecting X and getting X+ = happiness; expecting Y and getting Y- = unhappiness, even if Y- > X+.

A Friendly Chat With a Rich Person (Household Income: $360,000)

Rich Person: His bonus in 2012 was $85,000, and this year it will be $100,000. And the big, big change is that his base salary went from $65,000 last year to $160,000 this year.