Saturday, October 06, 2007

Failure of Theory Requires Revision

When a theory fails in a real world test, it must be revised to be useful, to have predictive ability. "Money buys happiness" took it on the chin from a 35 million pound British lottery winner. The Daily Mail had the following headline:

Ruined by her £35m jackpot

Someone needs to revise the theory, as a woman richer than the two princes and a star footballer (soccer) is miserable. The top picture came when she won the EuroMillions triple rollover draw. The bottom is the same woman, two months later. For those who think this is an isolated case, she is not alone.

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