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Research Paper University of Reading: Henley Business School: Economics Discussion Paper 2008-073

Are we getting it right? Values and life satisfaction

Authors

Publication date

2008

Abstract

The research agendas of psychologists and economists now have several overlaps, with behavioural economics providing theoretical and experimental study of the relationship between behaviour and choice, and hedonic psychology discussing appropriate measures of outcomes of choice in terms of overall utility or life satisfaction. Here we model the relationship between values (understood as principles guiding behaviour), choices and their final outcomes in terms of life satisfaction, and use data from the BHPS to assess whether our ideas on what is important in life (individual values) are broadly connected to what we experience as important in our lives (life satisfaction).

Subjects

Psychology, Economics, and Well Being

Links

http://EconPapers.repec.org/RePEc:rdg:emxxdp:em-dp2008-73

Notes

Econpapers search; working paper

#512462


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