money-1 - Measuring Happiness Easterlin Paradox Kahneman...

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Unformatted text preview: Measuring Happiness Easterlin Paradox Kahneman & Deaton s Partial Solution Affective forecasting errors Todays Agenda Happiness Very much Not at all Brickman et al. (1978) 1 1.5 2 2.5 3 3.5 4 4.5 5 Twin study: Compared happiness ratings of fraternal and identical twin pairs (many scales including depression, etc) Happiness of fraternal pairs unrelated Happiness of identical pairs associated (approximately 50% of variation) Genetic Components? Economists use financial indicators Macro-level measures: GDP Micro-level measures: lifetime income Measuring Happiness as Economic Well-being Gross National Happiness (GNH) was developed in an attempt to define an indicator that measures quality of life or social progress in more holistic and psychological terms than gross domestic product (GDP) Psychologists initially measured happiness using questions about global life satisfaction Cantril Self-Anchored Life Evaluation Ladder How happy are you with your life in general? Global life satisfaction (Average= 6.75 on a 0-10 scale) Measuring Happiness as Overall Well-being or Life Satisfaction 20% 46% 27% 4% 2% 1% 0% Self-Reports Global Measures of Happiness Diener, E., Emmons, R., Larsen, J., & Griffin, S. (1985). Below are Diener, E....
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This note was uploaded on 01/17/2012 for the course ECON 002 taught by Professor Eudey during the Fall '08 term at UPenn.

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money-1 - Measuring Happiness Easterlin Paradox Kahneman...

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