On the curvature of the reporting function from objective reality to subjective feelings
Oswald, Andrew J. . (2008) On the curvature of the reporting function from objective reality to subjective feelings. Economics Letters, Vol.100 (No.3). pp. 369-372. ISSN 0165-1765
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Official URL: http://dx.doi.org/10.1016/j.econlet.2008.02.032 ...
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:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Money, Marginal utility|
|Journal or Publication Title:||Economics Letters|
|Official Date:||5 March 2008|
|Page Range:||pp. 369-372|
|Access rights to Published version:||Open Access|
|Version or Related Resource:||Oswald, A.J. (2008). On the curvature of the reporting function from objective reality to subjective feelings. [Coventry] : University of Warwick, Economics Department. (Warwick economic research papers, no.839). http://wrap.warwick.ac.uk/id/eprint/1376|
Birnbaum, M. H., 1994, Psychophysics, in: V. S. Ramachandran ed. Encyclopedia of
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