In two daily diary studies we examined the moderating role of sensation seeking in the patterns of relations between physical pleasure and life satisfaction. In study 1 (a 52‐day daily diary study), daily physical pleasure was a significantly stronger predictor of daily social satisfaction among high sensation seekers than among low sensation seekers. We extended the finding of study 1 to more general daily satisfaction in study 2 (a 23‐day diary study). The present findings indicate that physical pleasure is associated with daily satisfaction to the degree that one seeks for such an experience. In addition, we tested whether the association between physical pleasure and daily satisfaction would be moderated also by other facets of extraversion and extraversion as a whole. With the exception of the positive emotion facet in study 1, no facet or extraversion as a whole moderated the relation between physical pleasure and daily satisfaction. The present studies show specificity and replicability of the role that sensation seeking plays in understanding the link between daily physical pleasure and daily satisfaction. Copyright © 2001 John Wiley & Sons, Ltd.