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Balancing ‘full life’: An economic approach to the route to happiness
Prinz, Aloys; Bünger, Björn - In: Journal of Economic Psychology 33 (2012) 1, pp. 58-70
This paper presents a formalization and modification of Martin Seligman’s concept of full life, employing basic microeconomics. A class of Stone–Geary utility functions is proposed as an analytical tool for scrutinizing individual decision making with respect to a pleasant, engaged and...
Persistent link: https://www.econbiz.de/10011051358
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Adaptation, anticipation and social interaction in happiness: An integrated error-correction approach
Vendrik, Maarten C.M. - In: Journal of Public Economics 105 (2013) C, pp. 131-149
Adaptation, anticipation and social-reference effects on happiness are strongly interrelated phenomena. However, in the … current income effect, and an insignificant long-run income effect on life satisfaction with significant hedonic adaptation … significant and positive effect in the short term. Adaptation to an income shock and reinforcement of a reference income shock …
Persistent link: https://www.econbiz.de/10010736910
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Do people habituate to air pollution? Evidence from international life satisfaction data
Menz, Tobias - In: Ecological Economics 71 (2011) C, pp. 211-219
Air pollution constitutes one of the main environmental problems in many countries. This paper uses the life satisfaction approach to environmental valuation (LSA) to investigate whether individuals habituate to air pollution and if a potential habituation effect influences the marginal rate of...
Persistent link: https://www.econbiz.de/10010572607
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A theory of self-control and naïveté: The blights of willpower and blessings of temptation
Myrseth, Kristian Ove R.; Wollbrant, Conny E. - In: Journal of Economic Psychology 34 (2013) C, pp. 8-19
We model self-control conflict as an agent’s stochastic struggle against a visceral influence that impels the agent to act sub-optimally. The agent holds costly pre-commitment technology to avoid the conflict altogether and may decide whether to procure pre-commitment or to confront the...
Persistent link: https://www.econbiz.de/10011051341
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Early Decisions: A Regulatory Framework
Laibson, David; Madrian, Brigitte C.; Beshears, John; … - National Bureau of Economic Research (NBER) - 2006
We describe a regulatory framework that helps consumers who have difficulty sticking to their own long-run plans. Early Decision regulations help long-run preferences prevail by allowing consumers to partially commit to their long-run goals, making it harder for a momentary impulse to reverse...
Persistent link: https://www.econbiz.de/10005004688
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Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference
Kimball, Miles Spencer; Benjamin, Daniel J.; Heffetz, Ori; … - National Bureau of Economic Research (NBER) - 2012
relative marginal utilities not only for happiness and life satisfaction, but also for aspects related to family, health …
Persistent link: https://www.econbiz.de/10010950672
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The Dynamics of Conflict in Southern Thailand
Engvall, Anders; Andersson, Magnus - In: Asian Economic Papers 13 (2014) 3, pp. 169-189
The prolonged insurgency in Southern Thailand has claimed thousands of victims since the outbreak of major violence in 2004. Drawing on a unique data set covering all violent incidents since 2004, a hotspot analysis shows that the bulk of the violence is concentrated in clusters of sub-districts...
Persistent link: https://www.econbiz.de/10011141183
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Enjoyment takes time : some implications for choice theory
Nisticò, Sergio - 2015
The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the …. The first part emphasizes how mainstream, utility-based choice theory has eradicated "time" from the analysis, in contrast …
Persistent link: https://www.econbiz.de/10010485641
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Choice and individual welfare
Chambers, Christopher P.; Hayashi, Takashi - In: Journal of Economic Theory 147 (2012) 5, pp. 1818-1849
two choice distributions. Together with some mild technical requirements, such an individual welfare functional must …We propose an abstract method of systematically assigning a “rational” ranking to non-rationalizable choice data. Our … main idea is that any method of ascribing welfare to an individual as a function of choice is subjective, and depends on …
Persistent link: https://www.econbiz.de/10011043036
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Enjoyment takes time: Some implications for choice theory
Nisticò, Sergio - In: Economics - The Open-Access, Open-Assessment E-Journal 9 (2015), pp. 1-40
The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the …. The first part emphasizes how mainstream, utility-based choice theory has eradicated "time" from the analysis, in contrast …
Persistent link: https://www.econbiz.de/10011200301