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Bias in the Relative Assessment of Happiness,Political Stance, Height and Weight

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  • Proto, Eugenio

    (Department of Economics, University of Warwick)

  • Sgroi, Daniel

    (Department of Economics, University of Warwick)

Abstract

Cognitive biases have been a recognised feature of research into human behaviour since at least Kahneman and Tversky’s ground-breaking work of the 1970s. We find that such biases extend into the realm of perceptions about relative happiness and we compare and contrast this phenomenon across three other characteristics : height, weight and political stance. Our findings indicate a powerful and consistent bias in the way individuals perceive their place in the population distribution. In particular, those at extremes perceive a population distribution that is incorrectly and heavily biased towards themselves,irrespective of whether the characteristic is objective and easily observed or not.

Suggested Citation

  • Proto, Eugenio & Sgroi, Daniel, 2010. "Bias in the Relative Assessment of Happiness,Political Stance, Height and Weight," The Warwick Economics Research Paper Series (TWERPS) 943, University of Warwick, Department of Economics.
  • Handle: RePEc:wrk:warwec:943
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    1. Assar Lindbeck & Jörgen Weibull, 1987. "Balanced-budget redistribution as the outcome of political competition," Public Choice, Springer, vol. 52(3), pages 273-297, January.
    2. Robert J. MacCulloch & Rafael Di Tella & Andrew J. Oswald, 2001. "Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness," American Economic Review, American Economic Association, vol. 91(1), pages 335-341, March.
    3. Krueger, Alan B. & Schkade, David A., 2008. "The reliability of subjective well-being measures," Journal of Public Economics, Elsevier, vol. 92(8-9), pages 1833-1845, August.
    4. Roland Bénabou & Jean Tirole, 2005. "Self-Confidence and Personal Motivation," International Economic Association Series, in: Bina Agarwal & Alessandro Vercelli (ed.), Psychology, Rationality and Economic Behaviour, chapter 2, pages 19-57, Palgrave Macmillan.
    5. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-484, July.
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    Cited by:

    1. Vincenzo Carrieri & Maria De Paola, 2011. "The Effects Of Peoples’ Height And Relative Height On Well-Being," Working Papers 201110, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    2. Carrieri, Vincenzo & De Paola, Maria, 2012. "Height and subjective well-being in Italy," Economics & Human Biology, Elsevier, vol. 10(3), pages 289-298.

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