What makes you happy? Your income? The place where you live? The things you own? Your family? Your social status? The places you’ve been? Happiness is derived from a complex cocktail of elements and how we perceive ourselves in relationship to others is a major contributor.
Individual happiness is informed by how we perceive ourselves in comparison to others. However, that information is asymmetrical. In other words, I have very detailed information on my own life but only vague impressions of your life. But that doesn't stop us from comparing. See how we can address asymmetrical perceptions in the workplace.