substantial utility loss due to income comparisons, they gain utility by comparing their remittances with those received by their … respect to remittances. The magnitudes of these two opposite effects are very similar, implying that the utility reduction due … to relative income is compensated by the utility gain due to relative remittances. This finding is robust to various …

utility', SWB has recently been compared to 'decision utility' using specific experiments, most often based on stated …