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Happiness fast and slow?

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  • Frijters, Paul

Abstract

While in his early years, Kahneman followed the world of classic utilitarianism in which smart individuals base decisions on how they will truly feel each moment in the future, Kahneman in Mandel (2018) adopted a very different position, namely that what matters is the story people tell of their lives. He thus grappled with evolving stories of both the future and the past, and the presence of different decision-supporting evaluations for the short-run and the long-run.

Suggested Citation

  • Frijters, Paul, 2024. "Happiness fast and slow?," LSE Research Online Documents on Economics 126105, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:126105
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    File URL: http://eprints.lse.ac.uk/126105/
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    References listed on IDEAS

    as
    1. Ed Diener & Louis Tay, 2014. "Review of the Day Reconstruction Method (DRM)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 116(1), pages 255-267, March.
    2. Andreas Knabe & Steffen Rätzel & Ronnie Schöb & Joachim Weimann, 2010. "Dissatisfied with Life but Having a Good Day: Time-use and Well-being of the Unemployed," Economic Journal, Royal Economic Society, vol. 120(547), pages 867-889, September.
    3. Sarah Flèche & Conal Smith, 2017. "Time use surveys and experienced well-being in France and the United States," OECD Statistics Working Papers 2017/7, OECD Publishing.
    4. Daniel Kahneman & Peter P. Wakker & Rakesh Sarin, 1997. "Back to Bentham? Explorations of Experienced Utility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 375-406.
    5. Arie Kapteyn & Jinkook Lee & Caroline Tassot & Hana Vonkova & Gema Zamarro, 2015. "Dimensions of Subjective Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 123(3), pages 625-660, September.
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    More about this item

    Keywords

    Kahneman; happiness; satisfaction; updating; utility; wellbeing;
    All these keywords.

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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