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| Title: | | Pursuing happiness  |
| Authors: | | Schubert, Christian |
| Issue Date: | | 2012 |
| Series/Report no.: | | Papers on economics and evolution 1201 |
| Abstract: | | While research on subjective well-being abounds, comparatively little thought has been given to its practical policy implications. Two approaches to derive policy advice have emerged in the literature: One is organized in terms of the idea to maximize a hedonic social welfare function, the other focuses on the design of constitutional rules to facilitate the individuals' self-determined pursuit of happiness. We suggest to substantiate what it means to pursue happiness, in particular by drawing upon a psychologically informed account of preference learning. If extended in this direction, a notion of the pursuit of happiness has interesting practical policy implications. |
| Subjects: | | subjective well-being happiness welfare economics preference learning |
| JEL: | | D03 D11 D60 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Papers on Economics and Evolution, MPI für Ökonomik
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