Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/58506 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 6346
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
Standard economic analysis assumes that people make choices that maximize their utility. Yet both popular discourse and other fields assume that people sometimes fail to make optimal choices and thus adversely affect their own happiness. Most social sciences thus frequently describe some patterns of decision as suboptimal. We review evidence of suboptimal choices that arise for two reasons. First, people err in predicting the utility they may accrue from available choice options due to the evaluation mode. Second, people choose on the basis of salient rules that are unlikely to maximize utility. Our review is meant to highlight the possibility of a research program that combines economic analysis with measures of experienced individual well-being to improve people's happiness.
Schlagwörter: 
suboptimal choice
individual well-being
experienced utility
evaluation mode
salient rule
utility misprediction
JEL: 
D01
D11
D60
D91
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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