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→Personality changes and its effects on income
Ben C. Fletcher D.Phil., Oxon writes:
Ben C. Fletcher D.Phil., Oxon writes:
{{Cquote|In their paper Boyce and colleagues went on to put a monetary value on changes in each of the Big Five personality traits. Their results showed that every standard unit increase in [[personality]] change was equivalent to an increase of between $92,000 and $314,000 in annual household income (US dollars). To put this another way, people needed an increase of between $91,000 and $309,00 in annual income to achieve the same increase in life satisfaction produced by a unit change in personality.
{{Cquote|In their paper Boyce and colleagues went on to put a monetary value on changes in each of the [[Big Five personality traits]]. Their results showed that every standard unit increase in [[personality]] change was equivalent to an increase of between $92,000 and $314,000 in annual household income (US dollars). To put this another way, people needed an increase of between $91,000 and $309,00 in annual income to achieve the same increase in life satisfaction produced by a unit change in personality.
Change in the different personality traits were associated with different monetary values, with change in [[neuroticism]] being worth $314k, [[extraversion]] $225k, [[agreeableness]] $149k, [[conscientiousness]] was worth $91k and [[openness]] to experience $62k. If we bear in mind that the average annual household income was around $88,000/year it seems to pay really well to Flex!<ref>[https://www.psychologytoday.com/us/blog/do-something-different/201211/the-dollar-value-your-personality The Dollar Value of Your Personality]: Changing your personality may reap financial rewards, by Ben C. Fletcher D.Phil., Oxon</ref>}}
Change in the different personality traits were associated with different monetary values, with change in [[neuroticism]] being worth $314k, [[extraversion]] $225k, [[agreeableness]] $149k, [[conscientiousness]] was worth $91k and [[openness]] to experience $62k. If we bear in mind that the average annual household income was around $88,000/year it seems to pay really well to Flex!<ref>[https://www.psychologytoday.com/us/blog/do-something-different/201211/the-dollar-value-your-personality The Dollar Value of Your Personality]: Changing your personality may reap financial rewards, by Ben C. Fletcher D.Phil., Oxon</ref>}}