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Calculating Tragedy: Assessing the Costs of Terrorism

Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - Center for Research in Economics, Management and the … - 2004

The trends and consequences of terrorist activities are often captured by counting the number of incidents and casualties. More recently, the effects of terrorist acts on various aspects of the economy have been analyzed. These costs are surveyed and put in perspective. As economic consequences...

Persistent link: https://www.econbiz.de/10005673515

Valuing Public Goods: The Life Satisfaction Approach

Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - Center for Research in Economics, Management and the … - 2004

This paper discusses a novel approach to elicit people?s preferences for public goods, namely the life satisfaction approach. Reported subjective well-being data are used to directly evaluate utility consequences of public goods. The strengths of this approach are compared to traditional...

Persistent link: https://www.econbiz.de/10005536940

Reported Subjective Well-Being: A Challenge for Economic Theory and Economic Policy

Stutzer, Alois; Frey, Bruno S. - 2003

Over the past few years, there has been a steadily increasing interest on the part of economists in happiness research … to better understand (i) the role of aspirations in the relationship between income and happiness and (ii) the effect of …

Persistent link: https://www.econbiz.de/10012168167

Happiness Research: State and Prospects

Frey, Bruno S.; Stutzer, Alois - 2004

This paper intends to provide an evaluation of where the economic research on happiness stands and in which interesting … directions it might develop. First, the current state of the research on happiness in economics is briefly discussed. We … emphasize the potential of happiness research in testing competing theories of individual behavior. Second, the crucial issue of …

Persistent link: https://www.econbiz.de/10012168180

Valuing Public Goods: The Life Satisfaction Approach

Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2004

This paper discusses a novel approach to elicit people's preferences for public goods, namely the life satisfaction approach. Reported subjective well-being data are used to directly evaluate utility consequences of public goods. The strengths of this approach are compared to traditional...

Persistent link: https://www.econbiz.de/10012168181

Calculating Tragedy: Assessing the Costs of Terrorism

Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2004

Persistent link: https://www.econbiz.de/10012168193

Economic Consequences of Mispredicting Utility

Frey, Bruno S.; Stutzer, Alois - 2004

, recollection of feelings is distorted, decisions are rationalized and wrong intuitive theories of happiness are applied. People …

Persistent link: https://www.econbiz.de/10012168202

Reported Subjective Well-Being: A Challenge for Economic Theory and Economic Policy

Stutzer, Alois; Frey, Bruno S. - Center for Research in Economics, Management and the … - 2003

Persistent link: https://www.econbiz.de/10005808610

What can economists learn from happiness research?

Frey, Bruno S.; Stutzer, Alois - 2001

Over the past few years, there has been a steadily increasing interest on the part of economists in happiness research … happiness research is able to contribute important insights for economics. We report how the economic variables income …, unemployment and inflation affect happiness as well as how institutional factors, in particular the type of democracy and the …

Persistent link: https://www.econbiz.de/10011398921

Economic consequences of mispredicting utility

Frey, Bruno S.; Stutzer, Alois - 2013

In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...

Persistent link: https://www.econbiz.de/10009753717