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.

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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)
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
Date:	8 February 2008
Number:	No.839
Number of Pages:	14
Status:	Not Peer Reviewed
Access rights to Published version:	Open Access
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URI:	http://wrap.warwick.ac.uk/id/eprint/1376

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