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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. Economics Letters, Vol.100 (No.3). pp. 369-372. doi:10.1016/j.econlet.2008.02.032 ISSN 0165-1765.
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Official URL: http://dx.doi.org/10.1016/j.econlet.2008.02.032 ...
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: | Journal Article | ||||
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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 | ||||
Publisher: | Elsevier | ||||
ISSN: | 0165-1765 | ||||
Official Date: | 5 March 2008 | ||||
Dates: |
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Volume: | Vol.100 | ||||
Number: | No.3 | ||||
Page Range: | pp. 369-372 | ||||
DOI: | 10.1016/j.econlet.2008.02.032 | ||||
Status: | Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
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 | ||||
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