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On the Curvature of the Reporting Function from Objective Reality to Subjective Feelings

Andrew Oswald

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: I suggest the idea of a reporting function, r(.), from reality to feelings. The ‘happiness’ literature claims we have demonstrated diminishing marginal utility of income. I show not, and that knowing r(.)’s curvature is crucial. A quasi-experiment on heights is studied.

Keywords: Money; diminishing marginal utility; height; concavity (search for similar items in EconPapers)
JEL-codes: I3 D1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-upt
Date: 2008
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Journal Article: On the curvature of the reporting function from objective reality to subjective feelings (2008) Downloads
Working Paper: On the Curvature of the Reporting Function from Objective Reality to Subjective Feelings (2008) Downloads
Working Paper: On the Curvature of the Reporting Function from Objective Reality to Subjective Feelings (2008) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:839

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