Faster, higher, stronger… and happier? Relative achievement and marginal rank effects

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2021
Volume: 95
Issue: C

Authors (4)

Dolan, Paul (not in RePEc) Foy, Chloe (not in RePEc) Kavetsos, Georgios (Queen Mary University of Londo...) Kudrna, Laura (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

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

Abstract

Most prior research on the relationship between relative attainment and subjective wellbeing focuses on relative income. The direction of this relationship may, however, be positive or negative. Defining the target comparison group can be challenging. This study focuses on a sample where ‘relative others’ are especially salient – Olympic athletes – and investigates relative achievement using a different ‘currency’ – medals. While prior research shows that bronze are happier than silver medallists, we find no difference unless there is a relatively close race at the bottom of the podium in the competition between silver, bronze, and fourth. A nuanced distributional approach can be used to explore marginal rank effects.

Technical Details

RePEc Handle
repec:eee:soceco:v:95:y:2021:i:c:s2214804321001014
Journal Field
Experimental
Author Count
4
Added to Database
2026-01-25