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
Citations
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Journal ArticleDOI
The effect of the Brexit referendum result on subjective well-being
Georgios Kavetsos,Georgios Kavetsos,Georgios Kavetsos,Ichiro Kawachi,Ilias Kyriopoulos,Sotiris Vandoros,Sotiris Vandoros +6 more
TL;DR: In this paper, the effect of the Brexit referendum result on subjective well-being in the United Kingdom was studied using a quasi-experimental design, and it was found that this outcome led to an overall decrease in subjective well being in the UK compared to a control group.
Journal ArticleDOI
A varying coefficient approach to estimating hedonic housing price functions and their quantiles
TL;DR: In this article, the authors apply the varying coefficient (VC) model to the estimation of a hedonic house price function using data from Hong Kong, one of the world's most buoyant real estate markets.
Posted Content
The Paradox of the Joneses: Superstar Houses and Mortgage Frenzy in Suburban America
TL;DR: The authors found that suburban owners who experienced a relative downscaling of their home due to the building of bigger units in their suburb record lower satisfaction and house values, suggesting a causal link between inequality and mortgage debt.
Journal ArticleDOI
Cardinal Scales for Health Evaluation
TL;DR: This paper develops scales of a different type, commonly called cardinal scales, that measure changes in health and argues that cardinal scales provide a meaningful and useful means of evaluating health policies.
Journal ArticleDOI
Are Measures of Well-Being Philosophically Adequate?
TL;DR: The authors argue that while there is little agreement about the nature of well-being in philosophy, there is an important agreement on some important principles relevant for its measurement, but currently fails to do so.
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.
Posted Content
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.