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Measuring happiness under interpersonal comparison: An advanced theoretical framework and implications.
- Source :
-
PLoS ONE . 12/16/2021, Vol. 16 Issue 12, p1-19. 19p. - Publication Year :
- 2021
-
Abstract
- The origin of happiness arouses people's curiosity for a long time. Recent research introduces a utility theory for measuring subjective happiness in a social context. The past recent monetary conditions influence the present subjective happiness through two distinct channels: interpersonal comparison and self-adaptation. In this paper, we develop this theory to analyze behavioral patterns. Together with prospect theory's gain-loss utility function, we exploit the theory in predicting psychological phenomena of craving. We explore the relationships between happiness and earnings. Under certain conditions, a high payoff disappoints you immediately and even leads to continuous disappointment across periods. We extend the explanations of the scenarios of New York cabdrivers' labor-supply decisions. The effect of social comparisons may trigger workers' behaviors of quit-working, which deepen related understandings of the literature. [ABSTRACT FROM AUTHOR]
- Subjects :
- *HAPPINESS
*UTILITY theory
*PROSPECT theory
*SOCIAL comparison
*UTILITY functions
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 16
- Issue :
- 12
- Database :
- Academic Search Index
- Journal :
- PLoS ONE
- Publication Type :
- Academic Journal
- Accession number :
- 154177065
- Full Text :
- https://doi.org/10.1371/journal.pone.0261407