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What Happiness Research Can Tell Us About Self-Control Problems and Utility
Stutzer, Alois; Frey, Bruno S. - Institute for the Study of Labor (IZA) - 2006
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10005703642
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What Happiness Research Can Tell Us About Self-Control Problems And Utility Misprediction
Stutzer, Alois; Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2006
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10005627976
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What happiness research can tell us about self-control problems and utility misprediction
Stutzer, Alois (contributor); Frey, Bruno S. (contributor) - 2006
viewing and commuting choice. -- adaptation ; individual decision-making ; revealed preference ; self-control ; subjective …
Persistent link: https://www.econbiz.de/10003274237
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What Happiness Research Can Tell Us About Self-Control Problems and Utility Misprediction
Stutzer, Alois - 2006
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10012783276
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What Happiness Research Can Tell Us AboutSelf-Control Problems And Utility Misprediction
Stutzer, Alois; Frey, Bruno S. - Wirtschaftswissenschaftliches Zentrum <Basel> - 2006
Neoclassical economic theory rules out systematic errors in consumptionchoice. According to the basic view, individuals know what they choose. They areable to predict how much utility an activity or a good produces for them now and inthe future and they can maximize their utility. This implies...
Persistent link: https://www.econbiz.de/10005868350
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Economic consequences of mispredicting utility
Frey, Bruno S.; Stutzer, Alois - 2013
asymmetries in adaptation is proposed as an important driver. The theoretical analysis is consistent with econometric evidence on … commuting choice using data on subjective well-being. People show substantial adaptation to a higher labor income but not to …
Persistent link: https://www.econbiz.de/10009753717
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Economic consequences of mispredicting utility
Frey, Bruno S.; Stutzer, Alois - 2013
asymmetries in adaptation is proposed as an important driver. The theoretical analysis is consistent with econometric evidence on … commuting choice using data on subjective wellbeing. People show substantial adaptation to a higher labor income but not to …
Persistent link: https://www.econbiz.de/10009766248
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Economic Consequences of Mispredicting Utility
Frey, Bruno S.; Stutzer, Alois - Wirtschaftswissenschaftliches Zentrum, Universität Basel - 2008
adaptation. A categorization is introduced that accounts forasymmetries in misprediction. In decision-making, goods and … using data on subjective well-being. Peopleshow substantial adaptation to a higher labor income but not to commuting. This …
Persistent link: https://www.econbiz.de/10009025074
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Economic Consequences of Mispredicting Utility
Frey, Bruno S.; Stutzer, Alois - Forschungsbasierte Infrastruktureinrichtung … - 2013
asymmetries in adaptation is proposed as an important driver. The theoretical analysis is consistent with econometric evidence on … commuting choice using data on subjective wellbeing. People show substantial adaptation to a higher labor income but not to …
Persistent link: https://www.econbiz.de/10010896265
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Economic Consequences of Mispredicting Utility
Frey, Bruno S.; Stutzer, Alois - Institute for the Study of Labor (IZA) - 2013
asymmetries in adaptation is proposed as an important driver. The theoretical analysis is consistent with econometric evidence on … commuting choice using data on subjective well-being. People show substantial adaptation to a higher labor income but not to …
Persistent link: https://www.econbiz.de/10010884223