adaptation. A categorization is introduced that accounts forasymmetries in misprediction. In decision-making, goods and … activities satisfying extrinsicdesires are more salient than those serving intrinsic needs. Accordingly, there is an … overconsumptionof the former compared to the latter. The theoretical analysis is consistent witheconometric evidence on commuting choice …

utility. We propose the economics of happiness as a methodologicalapproach to study these phenomena. Based on proxy measures … commuting choice. …

), extrinsic attributes of choice options are more salient thanintrinsic attributes. People overestimate extrinsic attributes and …

British Household Panel Survey to study the process of adaptation based on the individual’s own previous experience … adaptation over the short term. Over a longer period, those who have experienced falling incomes are less satisfied than those … had constant incomes. This suggests that over a longer period, adaptation to changes in income is asymmetric: people adapt …

underdogs to survive. When read in combination with his discussion of Darwinism, Sen's discussion of adaptation is relevant to … on happiness, particularly its policy conclusions. It also poses a problem for Ken Binmore's account of justice because …