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Happiness when temptation overwhelms willpower
Book Item (Buchkapitel, Lexikonartikel, jur. Kommentierung, Beiträge in Sammelbänden)
ID 61725
Author(s) Stutzer, Alois
Author(s) at UniBasel Stutzer, Alois
Year 2009
Title Happiness when temptation overwhelms willpower
Editor(s) Dutt, AK; Radcliff, B
Book title Happiness, economics and politics : toward a multi-disciplinary approach
Publisher Edward Elgar
Place of publication Cheltenham
Pages 97-126
ISSN/ISBN 978-1-84844-093-7 (hbk.) ; 1-84844-093-6 (hbk.)
Keywords revealed preference, willpower, self-control problem, individual welfare, subjective well-being, smoking, TV viewing, obesity
Abstract The economics of happiness is applied to further the understanding of important consumption decisions in which limited willpower is often argued to lead to suboptimal choices. Based on individuals' judgments of the quality of their lives, it is, in principle, possible to derive whether some observed behavior is suboptimal and is therefore reducing a person's welfare. We discuss the key characteristics and the normative basis of the approach including the evaluation metric and issues of empirical identification. In addition, evidence on willpower and subjective well-being for three important domains of consumption is presented, i.e., TV viewing, smoking and eating.
Full Text on edoc Available
Digital Object Identifier DOI 10.4337/9781849801973.00012
ISI-number WOS:000286656700007

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