Machiavelli versus Concave Utility Functions: Should Bads Be Spread out or Concentrated?
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- Paul Frijters & Christian Krekel & Aydogan Ulker, 2020. "Machiavelli versus concave utility functions: should bads be spread out or concentrated?," CEP Discussion Papers dp1680, Centre for Economic Performance, LSE.
- Frijters, Paul & Krekel, Christian & Ulker, Aydogan, 2020. "Machiavelli versus concave utility functions: should bads be spread out or concentrated?," LSE Research Online Documents on Economics 108421, London School of Economics and Political Science, LSE Library.
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More about this item
Keywords
wellbeing; mental health; life events; non-linearities; hedonic adaptation; welfare analysis;All these keywords.
JEL classification:
- D1 - Microeconomics - - Household Behavior
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- K0 - Law and Economics - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HAP-2020-04-13 (Economics of Happiness)
- NEP-HEA-2020-04-13 (Health Economics)
- NEP-UPT-2020-04-13 (Utility Models and Prospect Theory)
Statistics
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