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Happiness and loss aversion: Is utility concave or convex in relative income? · Study

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ArticleHappiness and loss aversion: Is utility concave or convex in relative income?

Maarten Vendrik2007

OA

Articlegreen2007

Happiness and loss aversion: Is utility concave or convex in relative income?

Maarten Vendrik · Geert B. Woltjer

151 citations·0/0 files stored·Journal of Public Economics

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Psychological Well-being and Life Satisfaction Income, Poverty, and Inequality Decision-Making and Behavioral Economics

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References

1979Prospect Theory: An Analysis of Decision under Risk 1988Prospect theory: An analysis of decision under risk 1954A Theory of Social Comparison Processes 1992Advances in prospect theory: Cumulative representation of uncertainty 1999Well-being : the foundations of hedonic psychology 1991Loss Aversion in Riskless Choice: A Reference-Dependent Model 2003A perspective on judgment and choice: Mapping bounded rationality.1991Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias

Cited by

2009Does Relative Income Matter? Are the Critics Right?2011Personality and the marginal utility of income: Personality interacts with increases in household income to determine life satisfaction 2014Determinants of Life Satisfaction in Asia 2008The poor, the rich and the happy: Exploring the link between income and subjective well-being 2009Understanding fixed effects in human well-being 2010Happiness and International Migration

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Details

Year2007

Typearticle

Published2007-02-25

VenueJournal of Public Economics

ISSN-L0047-2727

Languageen

Citations151

Files0 public / 0

ShelfPsychological Well-being and Life Satisfaction

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doi10.1016/j.jpubeco.2007.02.008

openalex_workW2109895438

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2012Predicting the Trend of Well-Being in Germany: How Much Do Comparisons, Adaptation and Sociability Matter?

2008The Second Paycheck to Keep Up with the Joneses: Relative Income Concerns and Labor Market Decisions of Married Women