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The life satisfaction approach to environmental valuation
Frey, Bruno S.; Lüchinger, Simon; Stutzer, Alois - 2009
In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...
Persistent link: https://www.econbiz.de/10008662775
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Economic Consequences of Mispredicting Utility
Frey, Bruno S.; Stutzer, Alois - 2008
A framework is proposed for organizing phenomena related to the (mis)prediction of utility, in particular neglecting adaptation. A categorization is introduced that accounts for asymmetries in misprediction. In decision-making, goods and activities satisfying extrinsic desires are more salient...
Persistent link: https://www.econbiz.de/10011390633
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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/10009766248
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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
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Economic consequences of mispredicting utility
Frey, Bruno S. (contributor); Stutzer, Alois (contributor) - 2008
A framework is proposed for organizing phenomena related to the (mis)prediction of utility, in particular neglecting adaptation. A categorization is introduced that accounts for asymmetries in misprediction. In decision-making, goods and activities satisfying extrinsic desires are more salient...
Persistent link: https://www.econbiz.de/10003667009
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What Predicts a Successful Life? A Life-Course Model of Well-Being
Layard, Richard - 2013
If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the British Cohort Study (1970). The most powerful childhood...
Persistent link: https://www.econbiz.de/10013073851
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Well-Being Inequality and Reference Groups - An Agenda for New Research
van Praag, Bernard M.S. - 2010
consists of the characteristics of the individuals belonging to his reference group. The vast literature about happiness … reference groups in SWB-models. In this paper we employ the reference-extended model for incorporating in happiness studies the … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …
Persistent link: https://www.econbiz.de/10010325687
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Well-being inequality and reference groups: an agenda for new research
van Praag, Bernard - 2010
consists of the characteristics of the individuals belonging to his reference group. The vast literature about happiness … reference groups in SWB-models. In this paper we employ the reference-extended model for incorporating in happiness studies the … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …
Persistent link: https://www.econbiz.de/10010277027
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Estimating endogenous effects on ordinal outcomes
Chesher, Andrew; Rosen, Adam M.; Siddique, Zahra - 2019
happiness data, for which no natural cardinal scale exists, and which is thus routinely collected by ordinal response. With … applications featuring ordered outcomes, including responses to happiness surveys, researchers may wish to study the impact of a …
Persistent link: https://www.econbiz.de/10012128669
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The anatomy of Subjective Well-Being
Praag, Bernard M. S. van; Frijters, Paul; … - 2001
Subjective Well-Being has increasingly been studied by several economists. This paper fits in that literature but takes into account that there are different aspects of life such as health, financial situation, and job. We call them domains. In this paper, we consider Subjective Well-Being as a...
Persistent link: https://www.econbiz.de/10011435763