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On the curvature of the reporting function from objective reality to subjective feelings
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Oswald, Andrew J. (2008) On the curvature of the reporting function from objective reality to subjective feelings. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.839).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
I suggest the idea of a reporting function, r(.), from reality to feelings. The ‘happiness’ literature claims we have demonstrated diminishing marginal utility of income. I show not, and that knowing r(.)’s curvature is crucial. A quasi-experiment on heights is studied.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Welfare economics, Home economics -- Accounting, Marginal utility, Happiness | ||||
Series Name: | Warwick economic research papers | ||||
Publisher: | University of Warwick, Department of Economics | ||||
Place of Publication: | Coventry | ||||
Official Date: | 8 February 2008 | ||||
Dates: |
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Number: | No.839 | ||||
Number of Pages: | 14 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
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