Procedural rationality and happiness
Viviana Di Giovinazzo () and
Marco Novarese ()
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2010, vol. 39, issue 3, 376-383
The economics of happiness already recognizes how procedures affect the evaluation of outcomes, although this has only been looked at within the standard framework of substantial rationality. This paper aims to go beyond that kind of approach by linking happiness and procedural rationality, focusing on 'happiness for choice' (the individual's perceived satisfaction after the decision-making process). Simon's model shows the need for defining aspirations whose values are adapted to the past experience in a given environment. Some remarks proposed by Scitovsky's allow to extend this idea considering the role of creative representation of the world as a way for trying to go beyond the past. These ideas are tested using data on aspirations and satisfaction expressed by students attending an economic course.
Keywords: Procedural; rationality; Happiness; Aspirations; Expectations; Satisfaction (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/B6W5H ... 0edca08e27a3cd4a32ec
Full text for ScienceDirect subscribers only
Working Paper: Procedural Rationality and Happiness (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:eee:soceco:v:39:y:2010:i:3:p:376-383
Access Statistics for this article
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Ofer Azar
More articles in Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) from Elsevier
Series data maintained by Dana Niculescu ().