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prediction errors that are at least partly driven by unforeseen adaptation. …
Persistent link: https://www.econbiz.de/10011307463
prediction errors that are at least partly driven by unforeseen adaptation. …
Persistent link: https://www.econbiz.de/10011335342
adaptation. A categorization is introduced that accounts for asymmetries in misprediction. In decision-making, goods and … choice using data on subjective well-being. People show substantial adaptation to a higher labor income but not to commuting …
Persistent link: https://www.econbiz.de/10011390633
freedom of choice, low levels of democratization, unemployment, low income, etc. Second, considering people's adaptation to … human well-being and the phenomenon of adaptation. Many challenges, of course, remain. First, we are only at the beginning … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …
Persistent link: https://www.econbiz.de/10010352279
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/10010267422
The formation of expectations is a fundamental part of the process when people decide about engaging in an …
Persistent link: https://www.econbiz.de/10011786948
asymmetries in adaptation is proposed as an important driver. The theoretical analysis is consistent with econometric evidence on … commuting choice using data on subjective wellbeing. People show substantial adaptation to a higher labor income but not to …
Persistent link: https://www.econbiz.de/10010317256
asymmetries in adaptation is proposed as an important driver. The theoretical analysis is consistent with econometric evidence on … commuting choice using data on subjective well-being. People show substantial adaptation to a higher labor income but not to …
Persistent link: https://www.econbiz.de/10010319581
deciding, extrinsic attributes of choice options are more salient than intrinsic attributes. Adaptation is neglected …
Persistent link: https://www.econbiz.de/10012168202
, marriage, separation or divorce. We find systematic prediction errors that seem at least partly driven by unforeseen adaptation …
Persistent link: https://www.econbiz.de/10012168489