What Do You Think Would Make You Happier? What Do You Think You Would Choose?

S-Tier
Journal: American Economic Review
Year: 2012
Volume: 102
Issue: 5
Pages: 2083-2110

Score contribution per author:

2.011 = (α=2.01 / 4 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Would people choose what they think would maximize their subjective well-being (SWB)? We present survey respondents with hypothetical scenarios and elicit both choice and predicted SWB rankings of two alternatives. While choice and predicted SWB rankings usually coincide in our data, we find systematic reversals. We identify factors--such as predicted sense of purpose, control over one's life, family happiness, and social status--that help explain hypothetical choice controlling for predicted SWB. We explore how our findings vary by SWB measure and by scenario. Our results have implications regarding the use of SWB survey questions as a proxy for utility. (JEL D03, I31)

Technical Details

RePEc Handle
repec:aea:aecrev:v:102:y:2012:i:5:p:2083-2110
Journal Field
General
Author Count
4
Added to Database
2026-01-24