Putting Subjective Well-Being to Use for Ex-Ante Policy Evaluation
نویسندگان
چکیده
منابع مشابه
Subjective Well-Being and Policy
This paper analyses whether the aggregation of individual happiness scores to a National Happiness Index can still be trusted once governments have proclaimed their main objective to be the pursuit—or even maximization— of this National Happiness Index. The answer to this investigation is clear-cut: as soon as the National Happiness Index has become a policy goal, it can no longer be trusted to...
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We find a necessary and sufficient condition for ex-ante trade when agents are non-expected utility maximizers. The condition is that they share subjective beliefs. Our result holds for a class of convex preferences that contains many functional forms used in applications. In a special case of expected utility, the condition becomes exactly the common prior assumption. It can also be articulate...
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We study a definition of subjective beliefs applicable to preferences that allow for the perception of ambiguity, and provide a characterization of such beliefs in terms of market behavior. Using this definition, we derive necessary and sufficient conditions for the efficiency of ex ante trade and show that these conditions follow from the fundamental welfare theorems. When aggregate uncertaint...
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The tools for policy evaluation and analysis reviewed in the preceding chapters are all ex-post, as they essentially compare the distribution of welfare over a population before and after a given policy or a given local program is implemented. While ex-post evaluation is essential for assessing the true impacts of existing policies and programs, there are many instances in which policymakers wo...
متن کاملSubjective well-being
This paper examines the notion of “subjective well-being” as it is used in literature on subjective measures of well-being. I argue that those who employ the notion differ at least superficially on at least two points: first, about the relationship between subjective well-being and well-being simpliciter, and second, about the constituents of subjective well-being. In an effort to reconcile the...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2874376