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:	2008-02
Authors:	Oswald, Andrew J.
Institutions:	Institute for the Study of Labor (IZA)
Subject:	height \| diminishing marginal utility \| money \| concavity

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	published in: Economics Letters, 2008, 100 (3), 369-372 Number 3344 2008 pages
Classification:	I3 - Welfare and Poverty ; D1 - Household Behavior and Family Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005703689