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Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that appear to be wasteful in terms of well-being or welfare. Within settings displaying preference endogeneity, it is however still unclear how to conceptualize well-being. This...
Persistent link: https://www.econbiz.de/10010286756
Die deliberative Demokratie setzt die Marktwirtschaft als ein System des wirtschaftlichen Wettbewerbs voraus. Dies kann anhand des Popperschen Konzepts einer Offenen Gesellschaft mit Piecemeal Engineering nachgewiesen werden. Denn die Kohärenz einer Offenen Gesellschaft setzt bei endogen...
Persistent link: https://www.econbiz.de/10010420307
Strong growth in disposable income has inflated consumption to unprecedented, but not sustainable levels. In this process consumer behavior has been changing. To explain the driving forces of this development, the paper introduces a theory of evolving consumer preferences that is molded in an...
Persistent link: https://www.econbiz.de/10010286752
other fields assume that people sometimes fail to make optimal choices and thus adversely affect their own happiness. Most … experienced individual well-being to improve people's happiness. …
Persistent link: https://www.econbiz.de/10010282196
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10011307463
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10011335342
Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective … well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people … 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
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being after facing major life events. Based on individual panel data, we compare people's life satisfaction forecasts...
Persistent link: https://www.econbiz.de/10012168489
Happiness is strongly associated with goal attainment, productivity, mental health and suicidal risk. This paper … greatest impact on happiness of men and women. The findings suggest that relative perceptions have a large statistically …'s happiness is more valued by female respondents. Satisfaction with household compared to personal income has a larger effect on …
Persistent link: https://www.econbiz.de/10012549993
Happiness is strongly associated with goal attainment, productivity, mental health and suicidal risk. This paper … greatest impact on happiness of men and women. The findings suggest that relative perceptions have a large statistically …'s happiness is more valued by female respondents. Satisfaction with household compared to personal income has a larger effect on …
Persistent link: https://www.econbiz.de/10012597416