Using the Dynamics of Happiness to Measure the Subjective Importance of Events
Investigators: Miles Kimball
Funding: National Institute on Aging, 2011-2017 (1 R01 AG 040787 01)
This project uses mathematical and statistical tools developed from a new economic theory of happiness to measure the importance people attach to various life events (e.g., financial or health changes, death or other loss) and the lasting effects of good or bad news. Analyses of how risk affects happiness will provide insight on financial choices such as early retirement or savings behavior. New data on happiness and other variables will be collected both in the laboratory and in web surveys to add to existing data.