Getting used to it: The adaptive global utility model
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Frey, Bruno S & Stutzer, Alois, 2000.
"Happiness, Economy and Institutions,"
Economic Journal, Royal Economic Society, vol. 110(466), pages 918-938, October.
- Bruno S. Frey & Alois Stutzer, "undated". "Happiness, Economy and Institutions," IEW - Working Papers 015, Institute for Empirical Research in Economics - University of Zurich.
- Bruno S. Frey & Alois Stutzer, 2000. "Happiness, Economy and Institutions," CESifo Working Paper Series 246, CESifo.
- Betsey Stevenson & Justin Wolfers, 2008.
"Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(1 (Spring), pages 1-102.
- Wolfers, Justin & Stevenson, Betsey, 2008. "Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox," CEPR Discussion Papers 6944, C.E.P.R. Discussion Papers.
- Betsey Stevenson & Justin Wolfers, 2008. "Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox," CESifo Working Paper Series 2394, CESifo.
- Stevenson, Betsey & Wolfers, Justin, 2008. "Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox," IZA Discussion Papers 3654, Institute of Labor Economics (IZA).
- Betsey Stevenson & Justin Wolfers, 2008. "Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox," NBER Working Papers 14282, National Bureau of Economic Research, Inc.
- Gary S. Becker & Casey B. Mulligan, 1997.
"The Endogenous Determination of Time Preference,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(3), pages 729-758.
- Becker, G.S. & Mulligan, C.B., 1994. "On the Endogenous Determination of Time Preference," University of Chicago - Economics Research Center 94-2, Chicago - Economics Research Center.
- Becker, Gary S. & Mulligan, Casey B., 1994. "On the Endogenous Determination of Time Preference," Working Papers 98, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Frijters, Paul, 2000. "Do individuals try to maximize general satisfaction?," Journal of Economic Psychology, Elsevier, vol. 21(3), pages 281-304, June.
- Bruno S. Frey, 2018.
"Economics of Happiness,"
SpringerBriefs in Economics,
Springer, number 978-3-319-75807-7, June.
- Bruno S. Frey & Alois Stutzer, 2002. "The Economics of Happiness," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 3(1), pages 25-41, January.
- van Praag, B. M. S. & Frijters, P. & Ferrer-i-Carbonell, A., 2003.
"The anatomy of subjective well-being,"
Journal of Economic Behavior & Organization, Elsevier, vol. 51(1), pages 29-49, May.
- Bernard M. S. van Praag & P. Frijters & Ada Ferrer-i-Carbonell, 2001. "The Anatomy of Subjective Well-Being," Discussion Papers of DIW Berlin 265, DIW Berlin, German Institute for Economic Research.
- Bernard M.S. van Praag & P. Frijters & A. Ferrer-i-Carbonell, 2002. "The Anatomy of Subjective Well-being," Tinbergen Institute Discussion Papers 02-022/3, Tinbergen Institute.
- Bernheim, B Douglas, 1994. "A Theory of Conformity," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 841-877, October.
- K. K. Lancaster, 2010. "A New Approach to Consumer Theory," Levine's Working Paper Archive 1385, David K. Levine.
- Paul Dolan & Daniel Kahneman, 2008.
"Interpretations Of Utility And Their Implications For The Valuation Of Health,"
Economic Journal, Royal Economic Society, vol. 118(525), pages 215-234, January.
- Paul Dolan & Daniel Kahneman, 2008. "Interpretations Of Utility And Their Implications For The Valuation Of Health," Economic Journal, Royal Economic Society, vol. 118(525), pages 215-234, January.
- Dolan, Paul & Peasgood, Tessa & White, Mathew, 2008. "Do we really know what makes us happy A review of the economic literature on the factors associated with subjective well-being," Journal of Economic Psychology, Elsevier, vol. 29(1), pages 94-122, February.
- Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
- Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
- Daniel Kahneman & Richard H. Thaler, 2006. "Anomalies: Utility Maximization and Experienced Utility," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 221-234, Winter.
- Sendhil Mullainathan & Marianne Bertrand, 2001. "Do People Mean What They Say? Implications for Subjective Survey Data," American Economic Review, American Economic Association, vol. 91(2), pages 67-72, May.
- Manuel Arellano & Stephen Bond, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
- Tom Doan, "undated". "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Sprangers, Mirjam A. G. & Schwartz, Carolyn E., 1999. "Integrating response shift into health-related quality of life research: a theoretical model," Social Science & Medicine, Elsevier, vol. 48(11), pages 1507-1515, June.
- Menzel, Paul & Dolan, Paul & Richardson, Jeff & Olsen, Jan Abel, 2002. "The role of adaptation to disability and disease in health state valuation: a preliminary normative analysis," Social Science & Medicine, Elsevier, vol. 55(12), pages 2149-2158, December.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- The ‘Q’ in the QALY: are we fudging it?
by Chris Sampson in The Academic Health Economists' Blog on 2013-09-30 10:30:34
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Adler, Matthew D. & Dolan, Paul & Henwood, Amanda & Kavetsos, Georgios, 2022.
"“Better the devil you know”: Are stated preferences over health and happiness determined by how healthy and happy people are?,"
Social Science & Medicine, Elsevier, vol. 303(C).
- Adler, Matthew & Dolan, Paul & Henwood, Amanda & Kavetsos, Georgios, 2021. "Better the devil you know: are stated preferences over health and happiness determined by how healthy and happy people are?," LSE Research Online Documents on Economics 113837, London School of Economics and Political Science, LSE Library.
- Matthew D. Adler & Paul Dolan & Amanda Henwood & Georgios Kavetsos, 2021. ""Better the devil you know": are stated preferences over health and happiness determined by how healthy and happy people are?," CEP Discussion Papers dp1809, Centre for Economic Performance, LSE.
- Dolan, Paul & Kavetsos, Georgios & Tsuchiya, Aki, 2013. "Sick but satisfied: The impact of life and health satisfaction on choice between health scenarios," Journal of Health Economics, Elsevier, vol. 32(4), pages 708-714.
- Ioana Ramia & Malina Voicu, 2022. "Life Satisfaction and Happiness Among Older Europeans: The Role of Active Ageing," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 160(2), pages 667-687, April.
- Chris Muris & Pedro Raposo & Sotiris Vandoros, 2020.
"A dynamic ordered logit model with fixed effects,"
Papers
2008.05517, arXiv.org.
- Chris Muris & Pedro Raposo & Sotiris Vandoros, 2020. "A Dynamic Ordered Logit Model with Fixed Effects," Department of Economics Working Papers 2020-14, McMaster University.
- Antonella D’Agostino & Gaetano Grilli & Andrea Regoli, 2019. "The Determinants of Subjective Well-Being of Young Adults in Europe," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 14(1), pages 85-112, March.
- Georgios Kavetsos & Ichiro Kawachi & Ilias Kyriopoulos & Sotiris Vandoros, 2021.
"The effect of the Brexit referendum result on subjective well‐being,"
Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 184(2), pages 707-731, April.
- Kavetsos, Georgios & Kawachi, Ichiro & Kyriopoulos, Ilias & Vandoros, Sotiris, 2018. "The effect of the Brexit referendum result on subjective well-being," LSE Research Online Documents on Economics 91709, London School of Economics and Political Science, LSE Library.
- Kavetsos, Georgios & Kawachi, Ichiro & Kyriopoulos, Ilias & Vandoros, Sotiris, 2021. "The effect of the Brexit referendum result on subjective well-being," LSE Research Online Documents on Economics 110517, London School of Economics and Political Science, LSE Library.
- Georgios Kavetsos & Ichiro Kawachi & Ilias Kyriopoulos & Sotiris Vandoros, 2018. "The effect of the Brexit referendum result on subjective well-being," CEP Discussion Papers dp1586, Centre for Economic Performance, LSE.
- Paul Dolan & Grace Lordan, 2021.
"Climbing up ladders and sliding down snakes: an empirical assessment of the effect of social mobility on subjective wellbeing,"
Review of Economics of the Household, Springer, vol. 19(4), pages 1023-1045, December.
- Dolan, Paul & Lordan, Grace, 2019. "Climbing up Ladders and Sliding down Snakes: An Empirical Assessment of the Effect of Social Mobility on Subjective Wellbeing," IZA Discussion Papers 12519, Institute of Labor Economics (IZA).
- Dolan, Paul & Lordan, Grace, 2020. "Climbing up ladders and sliding down snakes: an empirical assessment of the effect of social mobility on subjective wellbeing," LSE Research Online Documents on Economics 104059, London School of Economics and Political Science, LSE Library.
- Paul Dolan & Grace Lordan, 2013.
"Moving Up and Sliding Down: An Empirical Assessment of the Effect of Social Mobility on Subjective Wellbeing,"
CEP Discussion Papers
dp1190, Centre for Economic Performance, LSE.
- Dolan, P. & Lordan, G., 2013. "Moving up and sliding down: An empirical assessment of the effect of social mobility on subjective wellbeing," Health, Econometrics and Data Group (HEDG) Working Papers 13/08, HEDG, c/o Department of Economics, University of York.
- Bussière, Clémence & Sirven, Nicolas & Tessier, Philippe, 2021. "Does ageing alter the contribution of health to subjective well-being?," Social Science & Medicine, Elsevier, vol. 268(C).
- Kyriopoulos, Ilias-Ioannis, 2023. "Economic uncertainty and cardiovascular disease mortality," LSE Research Online Documents on Economics 118452, London School of Economics and Political Science, LSE Library.
- Sotiris Vandoros & Georgios Kavetsos & Paul Dolan, 2014. "Greasy Roads: The Impact of Bad Financial News on Road Traffic Accidents," Risk Analysis, John Wiley & Sons, vol. 34(3), pages 556-566, March.
- Lee, Henry & Vlaev, Ivo & King, Dominic & Mayer, Erik & Darzi, Ara & Dolan, Paul, 2013. "Subjective well-being and the measurement of quality in healthcare," Social Science & Medicine, Elsevier, vol. 99(C), pages 27-34.
- Paul Dolan & Richard Layard & Robert Metcalfe, 2011. "Measuring Subjective Wellbeing for Public Policy: Recommendations on Measures," CEP Reports 23, Centre for Economic Performance, LSE.
- Mario García Molina & Liliana Alejandra Chicaíza Becerra, 2013. "Felicidad:¿reemplazar o mejorar la utilidad subjetiva?," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, December.
- Dolan, Paul & Galizzi, Matteo M., 2015.
"Like ripples on a pond: Behavioral spillovers and their implications for research and policy,"
Journal of Economic Psychology, Elsevier, vol. 47(C), pages 1-16.
- Dolan, Paul & Galizzi, Matteo M., 2015. "Like ripples on a pond: behavioral spillovers and their implications for research and policy," LSE Research Online Documents on Economics 60804, London School of Economics and Political Science, LSE Library.
- Ichiro Kawachi & Ilias Kyriopoulos & Sotiris Vandoros, 2023. "Economic uncertainty and cardiovascular disease mortality," Health Economics, John Wiley & Sons, Ltd., vol. 32(7), pages 1550-1560, July.
- Kanavos, Panos & Vandoros, Sotiris, 2023. "Road traffic mortality and economic uncertainty: Evidence from the United States," Social Science & Medicine, Elsevier, vol. 326(C).
- Stéphane Gregoir & Tristan‐Pierre Maury, 2013. "The Impact Of Social Housing On The Labour Market Status Of The Disabled," Health Economics, John Wiley & Sons, Ltd., vol. 22(9), pages 1124-1138, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Hajdu, Tamás & Hajdu, Gábor, 2011. "A hasznosság és a relatív jövedelem kapcsolatának vizsgálata magyar adatok segítségével [Examining the relation of utility and relative income using Hungarian data]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 56-73.
- repec:hum:wpaper:sfb649dp2013-035 is not listed on IDEAS
- Leonardo Becchetti & Alessandra Pelloni, 2013.
"What are we learning from the life satisfaction literature?,"
International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(2), pages 113-155, June.
- Leonardo Becchetti & Alessandra Pelloni, "undated". "What are we learning from the life satisfaction literature?," Working Papers 2, Department of the Treasury, Ministry of the Economy and of Finance.
- Leonardo Becchetti & Alessandra Pelloni, 2010. "What are we learning from the life satisfaction literature?," Econometica Working Papers wp20, Econometica.
- Becchetti, Leonardo & Pelloni , Alessandra, 2010. "What are we learning from the life satisfaction literature?," AICCON Working Papers 76-2010, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
- Kehl, Konstantin & Stahlschmidt, Stephan, 2013. "A new perspective on the economic valuation of informal care: The well-being approach revisited," SFB 649 Discussion Papers 2013-035, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
- Stefano Bartolini & Ennio Bilancini & Francesco Sarracino, 2013.
"Predicting the Trend of Well-Being in Germany: How Much Do Comparisons, Adaptation and Sociability Matter?,"
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(2), pages 169-191, November.
- BARTOLINI Stefano & BILANCINI Ennio & SARRACINO Francesco, 2010. "Predicting the Trend of Well-Being in Germany: How Much Do Comparisons, Adaptation and Sociability Matter?," LISER Working Paper Series 2010-07, Luxembourg Institute of Socio-Economic Research (LISER).
- Stefano Bartolini & Ennio Bilancini & Francesco Sarracino, 2011. "Predicting the Trend of Well-Being in Germany: How Much Do Comparisons, Adaptation and Sociability Matter?," SOEPpapers on Multidisciplinary Panel Data Research 414, DIW Berlin, The German Socio-Economic Panel (SOEP).
- van Hoorn, Andre, 2016.
"Reliability and Validity of the Happiness Approach to Measuring Preferences,"
MPRA Paper
79977, University Library of Munich, Germany.
- van Hoorn, Andr, 2016. "Reliability and validity of the happiness approach to measuring preferences," Research Report 16008-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- AMENDOLA, Adalgiso & DELL'ANNO, Roberto & PARISI, Lavinia, 2015. "Happiness, Inequality and Relative Concerns in European Countries," CELPE Discussion Papers 136, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
- Aviral Kumar Tiwari, 2011. "Happiness and Environmental Degradation: What Determines Happiness?," Economics Bulletin, AccessEcon, vol. 31(4), pages 3192-3210.
- Gehring, Kai, 2013. "Who Benefits from Economic Freedom? Unraveling the Effect of Economic Freedom on Subjective Well-Being," World Development, Elsevier, vol. 50(C), pages 74-90.
- Litchfield, Julie & Reilly, Barry & Veneziani, Mario, 2012.
"An analysis of life satisfaction in Albania: An heteroscedastic ordered probit model approach,"
Journal of Economic Behavior & Organization, Elsevier, vol. 81(3), pages 731-741.
- Julie Litchfield & Barry Reilly & Mario Veneziani, 2010. "An Analysis of Life Satisfaction in Albania: An Heteroscedastic Ordered Probit Model Approach," Working Paper Series 0310, Department of Economics, University of Sussex Business School.
- Jiayuan Li & John Raine, 2014. "The Time Trend of Life Satisfaction in China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 116(2), pages 409-427, April.
- Ferrer-i-Carbonell, Ada, 2005. "Income and well-being: an empirical analysis of the comparison income effect," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 997-1019, June.
- Roberta Distante, 2013.
"Subjective Well-Being, Income and Relative Concerns in the UK,"
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 113(1), pages 81-105, August.
- Distante, Roberta, 2010. "Subjective well-being, income and relative concerns in the UK," MPRA Paper 30786, University Library of Munich, Germany.
- Byela Tibesigwa & Martine Visser & Brennan Hodkinson, 2016.
"Effects of Objective and Subjective Income Comparisons on Subjective Wellbeing,"
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 128(1), pages 361-389, August.
- Hodkinson, Brennan & Visser, Martine, 2013. "Effects of Objective and Subjective Income Comparisons on Subjective Wellbeing," SALDRU Working Papers 118, Southern Africa Labour and Development Research Unit, University of Cape Town.
- Gehring, Kai, 2012. "Benefit or burden? Unraveling the effect of economic freedom on subjective well-being," Working Papers 0531, University of Heidelberg, Department of Economics.
- Fengyu Wu, 2020. "An Examination of the Effects of Consumption Expenditures on Life Satisfaction in Australia," Journal of Happiness Studies, Springer, vol. 21(8), pages 2735-2771, December.
- Stutzer, Alois & Frey, Bruno S., 2010.
"Recent Advances in the Economics of Individual Subjective Well-Being,"
IZA Discussion Papers
4850, Institute of Labor Economics (IZA).
- Frey, Bruno S. & Stutzer, Alois, 2010. "Recent Advances in the Economics of Individual Subjective Well-Being," Working papers 2010/04, Faculty of Business and Economics - University of Basel.
- Antje Mertens & Miriam Beblo, 2016. "Self-Reported Satisfaction and the Economic Crisis of 2007–2010: Or How People in the UK and Germany Perceive a Severe Cyclical Downturn," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 125(2), pages 537-565, January.
- Metcalfe, Robert & Dolan, Paul, 2012. "Behavioural economics and its implications for transport," Journal of Transport Geography, Elsevier, vol. 24(C), pages 503-511.
- La, Binh Thanh & Lim, Steven & Cameron, Michael P. & Tran, Tuyen Quang & Nguyen, Minh Thi, 2021. "Absolute income, comparison income and subjective well-being in a transitional country: Panel evidence from Vietnamese household surveys," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 368-385.
- Dolan, Paul & Layard, Richard & Metcalfe, Robert, 2011. "Measuring subjective well-being for public policy," LSE Research Online Documents on Economics 35420, London School of Economics and Political Science, LSE Library.
More about this item
Keywords
Utility maximization Adaptation Behavioral economics;Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jhecon:v:29:y:2010:i:6:p:811-820. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505560 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.