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This paper reexamines key results from the measurement of opportunity freedom , or the extent to which a set of options offers a decision maker real opportunities to achieve. Three cases are investigated: no preferences, a single preference, and plural preferences. The three corresponding...
Persistent link: https://www.econbiz.de/10014025184
). While a number of empirical studies demonstrate that higher religiosity is associated with higher happiness at the level of …
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In this paper, we study methods of inferring a decision maker's true preference relation when observed choice data reveal a nontransitive preference relation due to choice mistakes. We propose some sensible properties of such methods and show that these properties characterize a unique rule of...
Persistent link: https://www.econbiz.de/10011856700
The paper deals with the effects of social participation activities on life satisfaction. Using the German General Social Survey (ALLBUS) for 2010, marginal effects of binary probit estimations on life satisfaction are presented. Strong gender differences are observable. While sport, welfare or...
Persistent link: https://www.econbiz.de/10010346726
Using the happiness survey data, a robust body of literature has supported that people's subjective well-being is … related to economic growth, employment, and inflation. Motivated by "Happiness Economics," this paper focuses on financial …
Persistent link: https://www.econbiz.de/10014500981
Recent years have seen a sharp increase in the use of subjective well-being data in environmental economics. This article discusses the conceptual underpinnings of using such data as a tool for preference elicitation and non-market valuation. Given the connection of those data to the notion of...
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