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"Fair" welfare comparisons with heterogeneous tastes : subjective versus revealed preferences
Akay, Alpaslan; Bargain, Olivier; Jara, H. Xavier - 2017
Multidimensional welfare analysis has recently been revived by money-metric measures based on explicit fairness principles and the respect of individual preferences. To operationalize this approach, preference heterogeneity can be inferred from the observation of individual choices (revealed...
Persistent link: https://www.econbiz.de/10011709621
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Nudging and Phishing : A Theory of Behavioral Welfare Economics
Jimenez-Gomez, David - 2018
Nudges, which are interventions that do not restrict choice, have become widespread in policy applications. I develop a general and tractable framework to analyze the welfare implications of nudges. In this framework, individuals suffer from internalities (their utility when choosing is...
Persistent link: https://www.econbiz.de/10012911341
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Cost-Benefit Analysis and the Knowledge Problem
Sunstein, Cass R. - 2014
In the modern regulatory state, there is a serious tension between two indispensable ideas. The first is that it is important to measure, both in advance and on a continuing basis, the effects of regulation on social welfare, usually through cost-benefit analysis. The second idea, attributable...
Persistent link: https://www.econbiz.de/10013045796
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(Mis-)predicted subjective well-being following life events
Odermatt, Reto; Stutzer, Alois - 2015
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10011308432
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(Mis-)predicted subjective well-being following life events
Odermatt, Reto; Stutzer, Alois - 2015
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10011334546
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Economic approaches to understanding change in happiness
Powdthavee, Nattavudh; Stutzer, Alois - 2014
Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective … well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …
Persistent link: https://www.econbiz.de/10010348918
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Happiness, domains of life satisfaction, perceptions, and valuation differences across genders
Milovanska-Farrington, Stefani; Farrington, Stephen - 2021
Happiness is strongly associated with goal attainment, productivity, mental health and suicidal risk. This paper … greatest impact on happiness of men and women. The findings suggest that relative perceptions have a large statistically …'s happiness is more valued by female respondents. Satisfaction with household compared to personal income has a larger effect on …
Persistent link: https://www.econbiz.de/10012508051
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Happiness, domains of life satisfaction, perceptions, and valuation differences across genders
Milovanska-Farrington, Stefani; Farrington, Stephen - 2021
Happiness is strongly associated with goal attainment, productivity, mental health and suicidal risk. This paper … greatest impact on happiness of men and women. The findings suggest that relative perceptions have a large statistically …'s happiness is more valued by female respondents. Satisfaction with household compared to personal income has a larger effect on …
Persistent link: https://www.econbiz.de/10012520508
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From Preference to Happiness : Towards a More Complete Welfare Economics
Ng, Yew-Kwang - 2000
Welfare economics is incomplete as it analyzes preferences without going on to analyze welfare (or happiness) which is …, disruption has to be taxed/controlled directly at low costs. Recent evidence on happiness and quality of life also tends to …
Persistent link: https://www.econbiz.de/10014160838
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Do people seek to maximize their subjective well-being?
Fleurbaey, Marc; Schwandt, Hannes - 2015
best contender as the "maximand" in the contest, before the ladder‐of‐life question and felt happiness. Among the other …
Persistent link: https://www.econbiz.de/10011376247