Happiness and Myopia: Evidence from a Random-Assignment Experiment
نویسندگان
چکیده
Myopia—time preference—has been shown to be commonplace and is believed to lead to a series of negative outcomes, such as overconsumption and addiction. Yet, little is known about the determinants of myopia. Using a random-assignment experiment, we investigate whether happiness decreases myopia. Subjects are randomly assigned to receive a happyor neutral-affect inducement. Immediately following the inducement, we measure their myopia using a 30 question instrument. The results indicate that the happy-affect inducement significantly decreases myopia. The findings are robust to various specifications checks. Finally, our results re-confirm the ubiquity of myopia and start to explore its determinants. (JEL D01, D90, D60)
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