Relative payoffs and happiness: An experimental study

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Journal of Economic Behavior and Organization, vol. 45(3), pp. 301-328, 2001
http://hdl.handle.net/10230/851
To cite or link this document: http://hdl.handle.net/10230/851
dc.contributor.author Charness, Gary
dc.contributor.author Grosskopf, Brit
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 1999-08-01
dc.identifier.citation Journal of Economic Behavior and Organization, vol. 45(3), pp. 301-328, 2001
dc.identifier.uri http://hdl.handle.net/10230/851
dc.description.abstract Some current utility models presume that people are concerned with their relative standing in a reference group. If this is true, do certain types care more about this than others? Using simple binary decisions and self-reported happiness, we investigate both the prevalence of ``difference aversion'' and whether happiness levels influence the taste for social comparisons. Our decision tasks distinguish between a person’s desire to achieving the social optimum, equality or advantageous relative standing. Most people appear to disregard relative payoffs, instead typically making choices resulting in higher social payoffs. While we do not find a strong general correlation between happiness and concern for relative payoffs, we do observe that a willingness to lower another person’s payoff below one’s own (competitive preferences) seems correlated with unhappiness.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 436
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Relative payoffs and happiness: An experimental study
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:14:00Z
dc.subject.keyword Behavioral and Experimental Economics
dc.subject.keyword happiness
dc.subject.keyword relative payoffs
dc.subject.keyword social preferences
dc.subject.keyword subjective well-being
dc.subject.keyword leex
dc.rights.accessRights info:eu-repo/semantics/openAccess


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