On the Curvature of the Reporting Function from Objective Reality to Subjective Feelings
نویسنده
چکیده
On the Curvature of the Reporting Function from Objective Reality to Subjective Feelings 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. JEL Classification: I3, D1
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