Journal ArticleDOI
Hedonic adaptation and the role of decision and experience utility in public policy
George Loewenstein,Peter A. Ubel +1 more
TLDR
The authors argue that no simple criterion based on preference or choice-based criteria can solve these problems and that evaluations of welfare will inevitably have to be informed by a combination of both approaches, patched together in a fashion that depends on the specific context.About:
This article is published in Journal of Public Economics.The article was published on 2008-08-01. It has received 236 citations till now. The article focuses on the topics: Preference & Happiness.read more
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Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles
TL;DR: In this article, the authors review the evidence on relative income from the subjective well-being literature and discuss the relation (or not) between happiness and utility, and discuss some nonhappiness research (behavioral, experimental, neurological) related to income comparisons.
Journal ArticleDOI
Relative income, happiness, and utility : an explanation for the Easterlin paradox and other puzzles
TL;DR: In this paper, the authors review the evidence on relative income from the subjective well-being literature and discuss the relation (or not) between happiness and utility, and discuss some nonhappiness research (behavioral, experimental, neurological) related to income comparisons.
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Beyond GDP: The Quest for a Measure of Social Welfare
TL;DR: In this paper, the authors consider the problem of intertemporal welfare analysis using the Net National Product (NNP) for the sustainability policy and in the context of concern for well-being of the future generations.
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On Nudging: A Review of Nudge: Improving Decisions About Health, Wealth and Happiness by Richard H. Thaler and Cass R. Sunstein
TL;DR: In this article, the case for libertarian paternalism presented by Thaler and Sunstein in Nudge is reviewed, and the authors argue that the latter criterion provides inadequate guidance to nudgers.
Journal ArticleDOI
The Pains and Pleasures of Parenting: When, Why, and How Is Parenthood Associated With More or Less Well-Being?
TL;DR: It is proposed that parents are unhappy to the extent that they encounter relatively greater negative emotions, magnified financial problems, more sleep disturbance, and troubled marriages, when parents experience greater meaning in life, satisfaction of their basic needs, greater positive emotions, and enhanced social roles, they are met with happiness and joy.
References
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Book
Theory of Games and Economic Behavior
TL;DR: Theory of games and economic behavior as mentioned in this paper is the classic work upon which modern-day game theory is based, and it has been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations.
Book
Acts of meaning
TL;DR: Jerome Bruner argues that the cognitive revolution has led psychology away from the deeper objective of understanding mind as a creator of meanings, and only by breaking out of the limitations imposed by a computational model of mind can be grasped.
Journal ArticleDOI
Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition
TL;DR: In this article, a theory of hedonic prices is formulated as a problem in the economics of spatial equilibrium in which the entire set of implicit prices guides both consumer and producer locational decisions in characteristics space.
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Subjective Well-Being
TL;DR: The literature on subjective well-being (SWB), including happiness, life satisfaction, and positive affect, is reviewed in three areas: measurement, causal factors, and theory.