"This anchoring to a number is the reason **people do not react to their total accumulated wealth, but to differences of wealth from whatever number they are currently anchored to**. This is the major conflict with economic theory, as according to economists, someone with $1 million in the bank would be more satisfied than if he had half a million" --- **Tags** -- [[quotes]], [[envy]], [[context]], [[economics]], [[anchoring]], [[framing]] **Source** -- [[202410121132 - B - Fooled by Randomness]]