Replication data for: What Do You Think Would Make You Happier? What Do You Think You Would Choose?
Principal Investigator(s): View help for Principal Investigator(s) Daniel J. Benjamin; Ori Heffetz; Miles S. Kimball; Alex Rees-Jones
Version: View help for Version V1
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Project Citation:
Benjamin, Daniel J., Heffetz, Ori, Kimball, Miles S., and Rees-Jones, Alex. Replication data for: What Do You Think Would Make You Happier? What Do You Think You Would Choose? Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116104V1
Project Description
Summary:
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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)
Scope of Project
JEL Classification:
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D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
I31 General Welfare; Well-Being
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
I31 General Welfare; Well-Being
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