Is it true that "less intelligent" people are happier than smart people?

No. Here’s a really good meta-analytic review of the many studies done in this area.

Some key findings in this research area:
  • In a meta-analysis of 26 studies of individuals, intelligence was NOT found to be correlated with happiness. In short, cognitive abilities do not, on the average, lead to more or less happiness.
  • The effect was found for both longitudinal studies and snapshot studies.
Here’s also a much earlier (1934) study showing the same thing. So what’s clear is that this is a very stable and consistent finding.

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