The Marginal Utility of an Extra $50 Million

Jerry Brewer had an interesting column in the Washington Post about star basketball players seeking new teams.  This was the bit which stood out to me:

 In the doc [made by ESPN on Chris Paul's decision], he met with his friend, Jay-Z, the rap and entertainment mogul. Paul was telling him about various offers, ranging from $150 million to $200 million. Jay-Z listened and then spoke his mind. “Ain’t gonna change your life,” Jay-Z said about the offers. “You get 150, you get 200 — it’s the same thing. You’re gonna ride the same plane. You’re gonna wear the same sneakers. That [expletive] ain’t gonna change your life. One-fifty, 200 — same thing. . . . Your happiness, now that’s worth everything.”