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Entries Tagged as 'Happiness'

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A Visual To Help Explain The Concept Of The Hedonic Treadmill…

November 13th, 2013 · 31 Comments
Behavioral Econ · Happiness

My behavioral economics students are taking an exam as we speak. On said exam is a question about whether people are good at predicting what their preferences are going to look like in the future. (Spoiler alert: they aren’t.) In class, we’ve gone through examples of this inability to predict future tastes that range from [...]

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Tags: Behavioral Econ · Happiness

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The Real Reason Economics Is The Dismal Science…

January 25th, 2013 · 19 Comments
Decision Making · Econ 101 · Happiness

Just kidding- this is the real reason that economics is called the dismal science, but just go with me here. Economists are quick to point out that the true cost of something, whether it be a physical good, an activity, etc., is what one has to give up in order to get that thing. This [...]

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Tags: Decision Making · Econ 101 · Happiness

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In Honor Of July 4th, Some Economists’ Takes On Freedom…

July 4th, 2011 · 8 Comments
Decision Making · Happiness · Policy

Yesterday, Tony Cookson reminded us what role freedom plays in economics, at least according to Ed Glaeser: But that shift doesn’t mean that there isn’t a deep moral tenet – a belief in the value of human freedom – at the core of our discipline. Some economists made that belief explicit. In the 18th century, [...]

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Tags: Decision Making · Happiness · Policy

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This New Money And Happiness Study Is Really Getting Around…

September 14th, 2010 · 11 Comments
Happiness · Incentives

Not surprising: that the Wall Street Journal would pick up a story about new research on the relationship between money and happiness: The study, which analyzed Gallup surveys of 450,000 Americans in 2008 and 2009, suggested that there were two forms of happiness: day-to-day contentment (emotional well-being) and overall “life assessment,” which means broader satisfaction [...]

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Tags: Happiness · Incentives

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

April 16th, 2010 · 7 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 [...]

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Tags: Happiness

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On The Economics Of Bling…

November 3rd, 2009 · 15 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