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Laboratory evidence for emotional externalities : an essay in honor of EJ Mishan
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Sgroi, Daniel, Proto, Eugenio, Oswald, Andrew J. and Dobson, Alexander (2016) Laboratory evidence for emotional externalities : an essay in honor of EJ Mishan. The Singapore Economic Review, 61 (3). 1640015. doi:10.1142/S0217590816400154 ISSN 0217-5908.
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WRAP_0672731-ec-110716-serpapersgroietalmishan17august2015.pdf - Accepted Version - Requires a PDF viewer. Download (712Kb) | Preview |
Official URL: http://dx.doi.org/10.1142/S0217590816400154
Abstract
Professor EJ Mishan was a world expert on the idea of externalities. In this paper, we provide evidence for the intuitive idea of “emotional externalities”. These might be viewed as psychological spillovers from the well-being of one person upon the well-being of another. A new form of laboratory experiment is implemented. “Happiness” answers are elicited in the first few seconds of the experiment. Tragic life events — like family illness and bereavement — are then studied. The paper documents evidence consistent with a powerful caring-about-others effect. The paper’s results also suggest an approximate equivalence between life-satisfaction data and happiness data.
Item Type: | Journal Article | ||||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||||
Divisions: | Faculty of Social Sciences > Economics | ||||||
Library of Congress Subject Headings (LCSH): | Mishan, E. J., 1917-2014 , Well-being -- Economic aspects, Happiness -- Economic aspects, Priming (Psychology) -- Experiments, Surveys | ||||||
Journal or Publication Title: | The Singapore Economic Review | ||||||
Publisher: | World Scientific Publishing Co. Pte. Ltd. | ||||||
ISSN: | 0217-5908 | ||||||
Official Date: | 19 May 2016 | ||||||
Dates: |
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Volume: | 61 | ||||||
Number: | 3 | ||||||
Article Number: | 1640015 | ||||||
DOI: | 10.1142/S0217590816400154 | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||
Date of first compliant deposit: | 12 July 2016 | ||||||
Date of first compliant Open Access: | 19 May 2017 |
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