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Happiness when temptation overwhelms willpower

Stutzer, Alois. (2009) Happiness when temptation overwhelms willpower. In: Happiness, economics and politics : toward a multi-disciplinary approach. Cheltenham, pp. 97-126.

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Official URL: http://edoc.unibas.ch/dok/A5249564

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Abstract

The economics of happiness is applied to further the understanding of important consumption decisions in which limited willpower is often argued to lead to suboptimal choices. Based on individuals' judgments of the quality of their lives, it is, in principle, possible to derive whether some observed behavior is suboptimal and is therefore reducing a person's welfare. We discuss the key characteristics and the normative basis of the approach including the evaluation metric and issues of empirical identification. In addition, evidence on willpower and subjective well-being for three important domains of consumption is presented, i.e., TV viewing, smoking and eating.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Politische ├ľkonomie (Stutzer)
UniBasel Contributors:Stutzer, Alois
Item Type:Book Section
Book Section Subtype:Book Chapter
Bibsysno:Link to catalogue
Publisher:Edward Elgar
ISBN:978-1-84844-093-7 (hbk.) ; 1-84844-093-6 (hbk.)
Note:Publication type according to Uni Basel Research Database: Book item
Language:English
Last Modified:24 Oct 2017 06:04
Deposited On:22 Mar 2012 14:13

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