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On the curvature of the reporting function from objective reality to subjective feelings

By Andrew J. Oswald


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

Topics: HB
Publisher: University of Warwick, Department of Economics
Year: 2008
OAI identifier:

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