Economists Do It With Models

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Entries Tagged as 'Happiness'

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On Money, Gender And Happiness, Only A Little From The Onion…

April 16th, 2010 · 2 Comments
Happiness

You know you’re a social science geek when you read this from The Onion and it takes you a while to realize that it is, in fact, from The Onion:
BERKELEY, CA—A study published in the latest issue of the Journal Of Social Sciences revealed that the amount of time spent being happy has dropped to [...]

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Tags: Happiness

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On The Economics Of Bling…

November 3rd, 2009 · 14 Comments
Behavioral Econ · Happiness · Markets

Consider the following choice:

Option 1: You make $75,000 per year, the people around you make $50,000 per year.
Option 2: You make $100,000 per year, the people around you make $125,000 per year.

Traditional economic models suggest that this choice is easy- clearly more money is always better, so Option 2 is obviously superior. [...]

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Tags: Behavioral Econ · Happiness · Markets

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On The Importance Of Being Likable…

May 20th, 2009 · 9 Comments
Gender · Happiness

(For the record, I might have had to look up how to spell likable…even dictionary.com wasn’t clear on the matter, but, since for “likeable” it just said “see likable”, I went with the latter.)

So we all probably remember how Larry Summers got himself in trouble at Harvard for reporting on academic hypotheses and findings that males [...]

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Tags: Gender · Happiness

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Things Economists Might Want To Stay Away From, Music Edition…

April 10th, 2009 · 5 Comments
Behavioral Econ · Happiness · Music Biz

Let’s see, things that economists should stay away from…bears (bears are SO on notice), the sun (I doubt all that being inside running regressions does wonders for anyone’s base tan), Rush Limbaugh, the banking industry, apparently…and the arts?

Maybe. Just go with me here…so economic models for consumer choice hinge on the notion of utility [...]

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Tags: Behavioral Econ · Happiness · Music Biz

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A Response From The “Spoiled” Generation…

March 4th, 2009 · 6 Comments
Behavioral Econ · Happiness

Ok, I am guessing by now that most of you have seen the YouTube video of Louis CK on Conan O’ Brien, since it’s been spreading around the interwebs like crazy. Granted, Louis CK is first and foremost a comedian, but the tone of his schpiel is that he really has a point to [...]

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Tags: Behavioral Econ · Happiness