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Standard economic analysis assumes that people make choices that maximize their utility. Yet both popular discourse and other fields assume that people sometimes fail to make optimal choices and thus adversely affect their own happiness. Most social sciences thus frequently describe some...
Persistent link: https://www.econbiz.de/10009530682
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10003274237
Using newly available data, we re-evaluate the impact of transition from plan to market in former communist countries on objective and subjective well-being. We find clear evidence of the high social cost of early transition reforms: cohorts born around the start of transition are shorter than...
Persistent link: https://www.econbiz.de/10012121301
and overall life-satisfaction questions and vary the labeling of response scales, mode of interviewing, and location of … distribution of reported satisfaction measures, particularly for women. Results from the sort of conditional modeling used to …
Persistent link: https://www.econbiz.de/10010467804
. These data provide information on citizens' happiness, levels of customer satisfaction, employees' satisfaction, mental …
Persistent link: https://www.econbiz.de/10012603839
how deviations from housework norms relate to couples' satisfaction. In stage one, we model housework time to identify … satisfaction based on predicted and residual housework time. We find that women's satisfaction, but not men's, is robustly affected …
Persistent link: https://www.econbiz.de/10011671002
Based on the German Socio-Economic Panel, the influence of the body mass index on health, earnings and satisfaction is … analysed by gender. Basic results are: health worsens, income declines and satisfaction is poorer with higher body mass index … sample. No effects on life satisfaction can be found except for underweight men. They reveal less satisfaction. Only in the …
Persistent link: https://www.econbiz.de/10011972451
decades for Russia. We found no adaption to vulnerability for life satisfaction and subjective wealth, with longer … satisfaction with own economic conditions, work contract, job, pay, and career. Some evidence indicates that despite little … differences between urban and rural areas with life satisfaction, rural areas exhibit a stronger lack of adaptation for subjective …
Persistent link: https://www.econbiz.de/10012193738
The relevance of sunk costs in decision making is one of the major sources of disagreement between neoclassical economists and behavioral economists. We test the importance of sunk costs by examining the role of a player's draft position on his playing time in the National Basketball...
Persistent link: https://www.econbiz.de/10010226087
I develop a model of conspicuous consumption to empirically measure the importance of peer beliefs to Americans and Chinese. In the model, a consumer cares not only about the direct utility she receives from consumption, but also about the way her consumption pattern affects her peer group's...
Persistent link: https://www.econbiz.de/10010381891