That's an interesting perspective from Professor Norton. There are some counterarguments to consider as well:
1. Buying lottery tickets or gambling on winnings is not a reliable or prudent way to improve happiness through money. The odds of actually winning a big lottery jackpot are typically tiny. The money is more likely to be lost than to make one meaningfully happier.
2. Spending money solely on oneself and own pleasures or consumption may provide transient happiness, but research shows it tends to fade quickly as people adjust to a higher standard of living. Happiness from experiences, relationships, and generosity tends to be more enduring.
3. Giving money away to help others or a good cause can indeed boost happiness and life satisfaction. But the happiness is often more closely tied to the meaningful impact on others rather than just writing a big check. Savings are important for security and future opportunities, but they are a more indirect source of happiness.
4. A balanced and flexible approach is probably wisest. Spending some on oneself, giving some away, saving some for important goals. The optimal mix will depend on individual priorities and circumstances.
5. Non-monetary factors like relationships, experiences, health, meaningful work or goals can have an even bigger impact on happiness and well-being. Money is helpful but not decisive.
So while money certainly has the potential to enhance happiness in multiple ways, I don't think it's quite as simple as 'winning the lottery' or lavishing it on oneself. A balanced, prudent, and generous approach is likely to serve people best in gaining happiness from their financial means. But there are many paths, and it depends a lot on the person and situation.