A huge research literature, across the behavioral and social sciences, uses information on individuals' subjective well-being. These are responses to questions ﾖ asked by survey interviewers or medical personnel ﾖ such as "how happy do you feel on a scale from 1 to 4?" Yet there is little...

A huge research literature, across the behavioral and social sciences, uses information on individuals' subjective well-being. These are responses to questions – asked by survey interviewers or medical personnel – such as "how happy do you feel on a scale from 1 to 4?" Yet there is little...

Understanding the reasons why individuals take risks, particularly unnecessary risks, remains an important question in economics. We provide the first evidence of a powerful connection between happiness and risk-avoidance. Using data on 300,000 Americans, we demonstrate that happier individuals...