Comparing willingness-to-pay and subjective well-being in the context of non-market goods

In order to value non-market goods, economists estimate individuals’ willingness to pay (WTP) for these goods using revealed or stated preference methods. We compare these conventional approaches with subjective well-being (SWB), which is based on individuals’ ratings of their happiness or life satisfaction rather than on their preferences. In the context of a quasi- experiment in urban regeneration, we find that monetary estimates from SWB data are significantly higher than from revealed and stated preference data. Stigma in revealed preferences, mental accounting in stated preferences and unspecified duration in SWB ratings might explain some of the difference between the valuation methods

Constant angular velocity of the wrist during the lifting of a sphere.

The primary objective of the experiments was to investigate the wrist motion of a person while they were carrying out a prehensile task from a clinical hand function test. A sixcamera movement system was used to observe the wrist motion of 10 participants. A very light sphere and a heavy sphere were used in the experiments to study any mass effects. While seated at a table, a participant moved a sphere over a small obstacle using their dominant hand. The participants were observed to move their wrist at a constant angular velocity. This phenomenon has not been reported previously. Theoretically, the muscles of the wrist provide an impulse of force at the start of the rotation while the forearm maintains a constant vertical force on a sphere. Light–heavy mean differences for the velocities, absolute velocities, angles and times taken showed no significant differences (p¼0.05)

Parental Characteristics and Satisfaction with their Child\u27s School: A Comparison of Public, Voucher, and Charter School Families

Research suggests that families who make active choices regarding their child’s education differ from families who do not. Differences between families of private (voucher), charter, and public school students were examined using data collected as part of the evaluation of the Cleveland Scholarship and Tutoring Program. While both voucher and charter school families were more satisfied than public school families with their child’s school, charter school families were found to differ from both voucher and public school students in that they were more White, were of higher income, were more likely to be married, and were more highly educated