On the Curvature of the Reporting Function from Objective Reality to Subjective Feelings

I suggest the idea of a reporting function, r(.), from reality to feelings. The ‘happiness’ literature claims we have demonstrated diminishing marginal utility of income. I show not, and that knowing r(.)’s curvature is crucial. A quasi-experiment on heights is studied.

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Year of publication:	2008
Authors:	Oswald, Andrew J
Institutions:	Department of Economics, University of Warwick
Subject:	Money \| diminishing marginal utility \| height \| concavity

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Series:	The Warwick Economics Research Paper Series (TWERPS).
Type of publication:	Book / Working Paper
Language:	English
Notes:	14 pages
Classification:	I3 - Welfare and Poverty ; D1 - Household Behavior and Family Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005368604