Reviews the literature since 1967 on subjective well-being (SWB ) in 3 areas: measurement, causal factors, and theory. Most measures of SWB correlate moderately with each other and have adequate temporal reliability and internal consistency; the global concept of happiness is being replaced with more specific and well-defined concepts, and measuring instruments are being developed with theoretical advances; multi-item...
This paper attempts to explain international trends and differences in subjective well-being over the final fifth of the twentieth century. This is done in several stages. First there is a brief review of some reasons for giving a central role to subjective measures of well-being. This is followed by sections containing a survey of earlier empirical studies, a deion of the main variables used in...
The links between income, sexual behavior and reported happiness are studied using recent data on a sample of 16,000 adult Americans. The paper finds that sexual activity enters strongly positively in happiness equations. Higher income does not buy more sex or more sexual partners. Married people have more sex than those who are single, divorced, widowed or separated. The happiness‐maximizing number of sexual partners in...
SummaryAlthough there are many accepted faults with GNP per capita as a measure of the utility gained from wealth, most commentators would still argue that an increase in GNP per capita will have positive effects on total utility outweighing any negative externalities. Taking lessons from a conception of the nature and causes of happiness that harks back to Adam Smith and the original Utilitarians, this...
Understanding discrepancies between behavior and perceived self-interest has been one of the major, but largely untackled, theoretical challenges confronting decision theory from its infancy to the present. People often act against their self-interest in full knowledge that they are doing so; they experience a feeling of being “out of control.” This paper attributes this phenomenon to the operation of “visceral factors,” which include drive states...
This paper proposes an alternative psychological explanation for bounded rationality. According to Herbert Simon, bounded rationality arises from human cognitive limitations. Following the suggestion of institutional economist John R. Commons, I argue that extremes in emotional arousal also contribute to bounded rationality. This idea is formalized and developed using the Yerkes–Dodson law from psychology. Examples from the popular press and the academic literatures of law,...
Survey respondents are often asked to report the frequency with which they engage in a certain behavior by checking the appropriate alternative from a list of response categories provided to them. A psychological research program, reviewed in the present paper, indicates that response alternatives are not only measurement devices but constitute a source of information for the respondent. Specifically, respondents assume that the average or...