Relative payoffs and happiness: An experimental study

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• dc.contributor.author Charness, Garyca
• dc.contributor.author Grosskopf, Britca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T10:50:07Z
• dc.date.available 2017-07-26T10:50:07Z
• dc.date.issued 1999-08-01
• dc.date.modified 2017-07-23T02:05:02Z
• 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.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=436
• 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.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.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• 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.subject.keyword Behavioral and Experimental Economics
• dc.title Relative payoffs and happiness: An experimental studyca
• dc.type info:eu-repo/semantics/workingPaper