Showing 1 - 10 of 59
Science rests upon the reliability of peer review. This paper suggests a way to test for bias. It is able to avoid the fallacy - one seen in the popular press and the research literature - that to measure discrimination it is sufficient to study averages within two populations. The paper's...
Persistent link: https://www.econbiz.de/10003752848
I suggest the idea of a reporting function, r(.), from reality to feelings. The 'happiness' literature claims we have demonstrated diminishing marginal utility of income. I show not, and that knowing r(.)'s curvature is crucial. A quasi-experiment on heights is studied. -- Money ; diminishing...
Persistent link: https://www.econbiz.de/10003652716
In universities all over the world, hiring and promotion committees regularly hear the argument: "this is important work because it is about to appear in prestigious journal X". Moreover, those who allocate levels of research funding, such as in the multi-billion pound Research Assessment...
Persistent link: https://www.econbiz.de/10003309267
Countries often spend billions on university research. There is growing interest in how to assess whether that money is well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a method, and illustrate it with modern data on economics....
Persistent link: https://www.econbiz.de/10003879347
This paper argues - in line with the proposals of the recent Stiglitz Commission on the Measurement of Economic Performance and Social Progress - that we should now be measuring a nation's emotional prosperity rather than its economic prosperity (that is, we ought to focus on the level of mental...
Persistent link: https://www.econbiz.de/10009314279
How should the productivity of research universities be measured? This task is difficult but important. The recent Research Excellence Framework in the UK, which was based on peer review, suggests that there has been a marked improvement in UK academic research in economics and in many other...
Persistent link: https://www.econbiz.de/10010477884
It is commonly claimed in the recent happiness literature in psychology and economics that we have proved diminishing marginal utility of income. This paper suggests that we have not. It draws a distinction between concavity of the utility function and concavity of the reporting function. --...
Persistent link: https://www.econbiz.de/10003257643
One of the famous questions in social science is whether money makes people happy. We offer new evidence by using longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between Đ1000 and Đ120,000 (that is, up to approximately U.S. $200,000). When compared to...
Persistent link: https://www.econbiz.de/10003355562
This paper proposes a new way to think about happiness. It distinguishes between stocks and flows. Central to the analysis is a concept we call 'hedonic capital'. The paper sets out a model of the dynamics of wellbeing in which bad life-shocks are smoothed by the drawing down of hedonic capital....
Persistent link: https://www.econbiz.de/10003309276
This paper provides evidence that daughters make people more left-wing. Having sons, by contrast, makes them more right-wing. Parents, politicians and voters are probably not aware of this phenomenon -- nor are social scientists. The paper discusses its economic and evolutionary roots. It also...
Persistent link: https://www.econbiz.de/10003314672