Literature DB >> 23275649

What Do You Think Would Make You Happier? What Do You Think You Would Choose?().

Daniel J Benjamin1, Miles S Kimball, Ori Heffetz, Alex Rees-Jones.   

Abstract

Would people choose what they think would maximize their subjective well-being (SWB)? We present survey respondents with hypothetical scenarios and elicit both choice and predicted SWB rankings of two alternatives. While choice and predicted SWB rankings usually coincide in our data, we find systematic reversals. We identify factors-such as predicted sense of purpose, control over one's life, family happiness, and social status-that help explain hypothetical choice controlling for predicted SWB. We explore how our findings vary by SWB measure and by scenario. Our results have implications regarding the use of SWB survey questions as a proxy for utility.

Entities:  

Year:  2012        PMID: 23275649      PMCID: PMC3532045          DOI: 10.1257/aer.102.5.2083

Source DB:  PubMed          Journal:  Am Econ Rev        ISSN: 0002-8282


  6 in total

1.  Value seeking and prediction-decision inconsistency: why don't people take what they predict they'll like the most?

Authors:  C K Hsee
Journal:  Psychon Bull Rev       Date:  1999-12

2.  High income improves evaluation of life but not emotional well-being.

Authors:  Daniel Kahneman; Angus Deaton
Journal:  Proc Natl Acad Sci U S A       Date:  2010-09-07       Impact factor: 11.205

3.  Hedonomics: Bridging Decision Research With Happiness Research.

Authors:  Christopher K Hsee; Reid Hastie; Jingqiu Chen
Journal:  Perspect Psychol Sci       Date:  2008-05

4.  Simplified exact analysis of case-referent studies: matched pairs; dichotomous exposure.

Authors:  F D Liddell
Journal:  J Epidemiol Community Health       Date:  1983-03       Impact factor: 3.710

5.  A survey method for characterizing daily life experience: the day reconstruction method.

Authors:  Daniel Kahneman; Alan B Krueger; David A Schkade; Norbert Schwarz; Arthur A Stone
Journal:  Science       Date:  2004-12-03       Impact factor: 47.728

6.  Accounting for the richness of daily activities.

Authors:  Mathew P White; Paul Dolan
Journal:  Psychol Sci       Date:  2009-06-22
  6 in total
  21 in total

1.  Creative Destruction and Subjective Well-Being.

Authors:  Philippe Aghion; Ufuk Akcigit; Angus Deaton; Alexandra Roulet
Journal:  Am Econ Rev       Date:  2016-12

2.  COGNITIVE ECONOMICS.

Authors:  Miles Kimball
Journal:  Jpn Econ Rev (Oxf)       Date:  2015-05-07

3.  Aggregating Local Preferences to Guide Marginal Policy Adjustments.

Authors:  Daniel J Benjamin; Ori Heffetz; Miles S Kimball; Nichole Szembrot
Journal:  Am Econ Rev       Date:  2013-05

4.  Self-reported wellbeing indicators are a valuable complement to traditional economic indicators but are not yet ready to compete with them.

Authors:  Dan Benjamin; Kristen Cooper; Ori Heffetz; Miles Kimball
Journal:  Behav Public Policy       Date:  2020-01-23

5.  Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference.

Authors:  Daniel J Benjamin; Miles S Kimball; Ori Heffetz; Nichole Szembrot
Journal:  Am Econ Rev       Date:  2014-09

6.  Challenges in Constructing a Survey-Based Well-Being Index.

Authors:  Daniel J Benjamin; Kristen B Cooper; Ori Heffetz; Miles Kimball
Journal:  Am Econ Rev       Date:  2017-05

7.  National well-being policy and a weighted approach to human feelings.

Authors:  Gus O'Donnell; Andrew J Oswald
Journal:  Ecol Econ       Date:  2015-10-24       Impact factor: 5.389

8.  Unhappy Cities.

Authors:  Edward L Glaeser; Joshua D Gottlieb; Oren Ziv
Journal:  J Labor Econ       Date:  2016-02-11

9.  Evaluative and hedonic wellbeing among those with and without children at home.

Authors:  Angus Deaton; Arthur A Stone
Journal:  Proc Natl Acad Sci U S A       Date:  2014-01-13       Impact factor: 11.205

10.  The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-Being Data.

Authors:  Jan-Emmanuel De Neve; George Ward; Femke De Keulenaer; Bert Van Landeghem; Georgios Kavetsos; Michael I Norton
Journal:  Rev Econ Stat       Date:  2018-05-04
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