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Interpretations of utility and their implications for the valuation of health (2008)

by P Dolan, D Kahneman
Venue:Economic Journal
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Hypertension and happiness across nations

by David G. Blanchflower, Andrew J. Oswald, James Banks, Issy Bray, Bruce Charlton, Carol Graham, John Helliwell, David G Blanchflower, Andrew J Oswald - Journal of Health Economics , 2007
"... A modern statistical literature argues that countries such as Denmark are particularly happy while nations like East Germany are not. Are such claims credible? The paper explores this by building on two ideas. The first is that psychological well-being and high blood-pressure are thought by clinicia ..."
Abstract - Cited by 57 (13 self) - Add to MetaCart
A modern statistical literature argues that countries such as Denmark are particularly happy while nations like East Germany are not. Are such claims credible? The paper explores this by building on two ideas. The first is that psychological well-being and high blood-pressure are thought by clinicians to be inversely correlated. The second is that blood-pressure problems can be reported more objectively than mental well-being. Using data on 16 countries, the paper finds that happier nations report lower levels of hypertension. The paper’s results are consistent with, and seem to offer a step towards the validation of, cross-national estimates of well-being.

Happiness Dynamics with Quarterly Life Event Data

by Paul Frijters, David W. Johnston, Michael A. Shields , 2008
"... ..."
Abstract - Cited by 11 (0 self) - Add to MetaCart
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Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis

by Bernard M. S. Van Praag, Cesifo Working, Paper No, Bernard M. S. Van Praag - IZA Discussion Paper , 2007
"... An electronic version of the paper may be downloaded • from the SSRN website: www.SSRN.com • from the RePEc website: www.RePEc.org • from the CESifo website: Twww.CESifo-group.deT CESifo Working Paper No. 1912 ..."
Abstract - Cited by 11 (0 self) - Add to MetaCart
An electronic version of the paper may be downloaded • from the SSRN website: www.SSRN.com • from the RePEc website: www.RePEc.org • from the CESifo website: Twww.CESifo-group.deT CESifo Working Paper No. 1912

What Happens to People Before and After Disability? Focusing Effects, Lead Effects, and Adaptation in Different Areas of Life

by Nattavudh Powdthavee , 2009
"... This paper addresses the question of when and to what extent different areas of a person‟s life are affected by mild and severe disability. Although there is some evidence of lead effects to becoming disabled in more than one aspects of life, the strongest lead effects are found in the health domain ..."
Abstract - Cited by 10 (1 self) - Add to MetaCart
This paper addresses the question of when and to what extent different areas of a person‟s life are affected by mild and severe disability. Although there is some evidence of lead effects to becoming disabled in more than one aspects of life, the strongest lead effects are found in the health domain. Disability has a negative impact on satisfactions with income, social life, and use of leisure time, but is positively associated with the levels of satisfaction with amount of leisure time. Adaptation takes place in almost all of the affected life domains for both disabled groups, but is often incomplete for the severely disabled. Finally, this paper proposes a two-layer model to study leads and lags in life satisfaction to different life events.
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...ly experiences such as having breakfast or watching TV (Kahneman et al., 2006). The extent and speed of withdrawal of attention varies, however, from experience to experience (Wilson & Gilbert, 2008; =-=Dolan & Kahneman, 2008-=-). For example, one reason why people adapt to a rise in income much faster than they do with the onset of a severe disability is simply because money is largely in the background, whereas being serio...

Swedish experience-based value sets for eq-5d health states

by Sun Sun, Ulf-g Gerdtham, Martin Henriksson, Magnus Johannesson, Niklas Zethraeus, S. Sun N. Zethraeus, S. Sun, U. -g. Gerdtham - Qual. Life Res. 2013
"... The Author(s) 2013. This article is published with open access at Springerlink.com Purpose To estimate Swedish experience-based value sets for EQ-5D health states using general population health survey data. Methods Approximately 45,000 individuals valued their current health status by means of tim ..."
Abstract - Cited by 6 (2 self) - Add to MetaCart
The Author(s) 2013. This article is published with open access at Springerlink.com Purpose To estimate Swedish experience-based value sets for EQ-5D health states using general population health survey data. Methods Approximately 45,000 individuals valued their current health status by means of time trade off (TTO) and visual analogue scale (VAS) methods and answered the EQ-5D questionnaire, making it possible to model the association between the experience-based TTO and VAS values and the EQ-5D dimensions and severity levels. The association between TTO and VAS values and the different severity levels of respondents ’ answers on a self-rated health (SRH) question was assessed. Results Almost all dimensions (except usual activity) and
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...e standpoint of using experience-based values [15, 34–36, 61, 62]. The experience-based values in our study are from population surveys, which is in line with recent thinking on valuing health states =-=[12, 15]-=- and could reduce some of the focusing effects that are likely to appear in hypothetical valuation studies [14, 15]. In a general population health survey, respondents may be more focused on their ove...

Death and the Calculation of Hedonic Damages

by Andrew J. Oswald, Nattavudh Powdthavee, Andrew J Oswald, Nattavudh Powdthavee , 2007
"... Preliminary draft for a June 1-2 workshop at the ..."
Abstract - Cited by 3 (0 self) - Add to MetaCart
Preliminary draft for a June 1-2 workshop at the

Authors:

by Joanne Evans , 2011
"... Office for National StatisticsMeasuring Subjective Well-being for Public Policy A National Statistics publication National Statistics are produced to high professional standards set out in the Code of Practice for Official Statistics. They are produced free from political influence. About us The Off ..."
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Office for National StatisticsMeasuring Subjective Well-being for Public Policy A National Statistics publication National Statistics are produced to high professional standards set out in the Code of Practice for Official Statistics. They are produced free from political influence. About us The Office for National Statistics The Office for National Statistics (ONS) is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to Parliament. ONS is the UK government’s single largest statistical producer. It compiles information about the UK’s society and economy, and provides the evidence-base for policy and decision-making, the allocation of resources, and public accountability. The Director-General of ONS reports directly to the National Statistician who is the Authority's Chief Executive and the Head of the Government Statistical Service. The Government Statistical Service The Government Statistical Service (GSS) is a network of professional statisticians and their staff operating both within the Office for National Statistics and across more than 30 other government departments and agencies. Copyright and reproduction © Crown copyright 2011 Published with the permission of the Office of Public Sector Information (OPSI) You may use this publication (excluding logos) free of charge in any format for research, private study or internal circulation within an organisation providing it is used accurately and not in a misleading context. The material must be acknowledged as Crown copyright and you must give the title of the source publication. Where we have identified any third party copyright material you will need to obtain permission from the copyright holders concerned. For re-use of this material you must apply for a Click-Use Public
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...ression rates and in the provision of cognitive behavioural therapy (Layard, 2006). More is now needed on the positive side of the wellbeing coin. Policy appraisal using SWB has interested academics (=-=Dolan and Kahneman, 2008-=-) and it is now interesting policymakers too (HM Treasury, 2008). More is now required. We need to measure all three wellbeing accounts, separately (see Dolan et al, 2006). We also need to measure SWB...

How Should Peer-Review Panels Behave?

by Daniel Sgroi, Andrew J. Oswald , 2012
"... Many governments wish to assess the quality of their universities. A prominent example is the UK’s new Research Excellence Framework (REF) 2014. In the REF, peer-review panels will be provided with information on publications and citations. This paper suggests a way in which panels could choose the ..."
Abstract - Cited by 2 (0 self) - Add to MetaCart
Many governments wish to assess the quality of their universities. A prominent example is the UK’s new Research Excellence Framework (REF) 2014. In the REF, peer-review panels will be provided with information on publications and citations. This paper suggests a way in which panels could choose the weights to attach to these two indicators. The analysis draws in an intuitive way on the concept of Bayesian updating (where citations gradually reveal information about the initially imperfectly-observed importance of the research). Our study should not be interpreted as the argument that only mechanistic measures ought to be used in a REF.

Optimal Expectations and the Welfare cost of Climate Variability

by Yonas Alem, Jonathan Colmer, Yonas Alem, Jonathan Colmer - Grantham Research Institute on Climate Change and the Environment, LSE, Working Paper No , 2013
"... Uncertainty about the future is an important determinant of well-being, especially in developing countries where financial markets and other market failures result in ineffective insurance mechanisms. However, separating the effects of future uncertainty from realised events, and then measuring its ..."
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Uncertainty about the future is an important determinant of well-being, especially in developing countries where financial markets and other market failures result in ineffective insurance mechanisms. However, separating the effects of future uncertainty from realised events, and then measuring its im-pact on utility presents a number of empirical challenges. This paper addresses these issues and shows that increased climate variability (a proxy for future in-come uncertainty) reduces farmers ’ subjective well-being, consistent with the theory of optimal expectations (Brunnermeier & Parker, 2005), using panel data from rural Ethiopia and a new data set containing daily atmospheric pa-rameters. The magnitude of our result indicates that a one standard deviation (7%) increase in climate variability has an equivalent effect on life satisfaction to a two standard deviation (1-2%) decrease in consumption. This effect is
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...lfare, most commonly GDP, subjective measures of welfare are increasingly being used to elicit measures of experienced utility (Kahneman et al., 1997; Frey & Stutzer, 2002; Kahneman & Krueger., 2006; =-=Dolan & Kahneman, 2008-=-), to value non-market goods (Welsch, 2002; 2006; Rehdanz & Maddison, 2005; 2008; Carroll et al., 2009; Frey et al., 2007; Metcalfe et al., 2011; Feddersen et al., 2012; Levinson, 2012) and to evaluat...

Economic Approaches to Understanding Change in Happiness

by Nattavudh Powdthavee, Alois Stutzer, Nattavudh Powdthavee , 2014
"... (ii) development of ..."
Abstract - Cited by 2 (1 self) - Add to MetaCart
(ii) development of
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...ly experiences such asshaving breakfast or watching TV (Kahneman et al., 2006). The extent and speed ofswithdrawal of attention varies, however, from experience to experience (Wilson & Gilbert,s2008; =-=Dolan & Kahneman, 2008-=-). In the AREA model of Wilson and Gilbert (2008), thesprocess of affective adaption is determined by people’s attempt to understand events thatsattract their attention. Thereby, people attend and emo...

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