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Title:On the curvature of the reporting function from objective reality to subjective feelings PDF Logo
Authors:Oswald, Andrew J.
Issue Date:2008
Series/Report no.:IZA Discussion Papers 3344
Abstract: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.
Subjects:Money
diminishing marginal utility
height
concavity
JEL:I3
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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