The "hedonic treadmill" of prospect theory suggests that if people's incomes rise and stay at the new higher level, then their feelings of satisfaction also rise and stay at the new higher level.

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The "hedonic treadmill" suggests that while people may experience a temporary increase in happiness when their income rises, their feelings of satisfaction tend to return to a baseline level over time, rather than staying elevated.

The "Hedonic Treadmill" of Prospect Theory Suggests That If People's