Essay in decision making

Zokaei Ashtiani, Amin (2017) Essay in decision making. Tesi di Dottorato, LUISS Guido Carli, Department of Economics and Finance > PhD Program in Economics (english language), tutor: Daniela Di Cagno, p. 115. [Doctoral Thesis]

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Abstract/Index

In the first chapter, I investigate the causes behind the choice reversal, as procrastination of consumption good, by employing the evaluation of anticipatory feelings. To this aim, I adopt a dynamic experiment protocol over multiple points of the time. It allows me to disentangle anticipatory feelings from uncertainty and intertemporal consistency in intertemporal choices. I found that anticipatory feeling might be a significant possible explanation behind the choice reversal. In the second chapter, I discuss an experimental study comparing happiness between US Americans and Germans regarding their behaviors in saving and spending the money. I approach the relation between money and happiness by concentrating on two functions of money (saving and spending) and explore how happiness is affected by them. I also explore how social status affects happiness and how this differs between Americans and Germans. My main findings are: First, German self-classified savers who save and American self-classified spenders who spend are happier; Secondly, people receive happiness not only from absolute wealth, but also from relative wealth in comparison to others; Thirdly, relative wealth (social rank) is significantly more important to Americans than to Germans.

References

Bibliografia: pp. 85-88.

Item Type: Doctoral Thesis (PhD)
Research documents and activity classification: LUISS PhD Thesis
Divisions: Department of Economics and Finance > PhD Program in Economics (english language)
Thesis Advisor: Di Cagno, Daniela
Additional Information: Dottorato di Ricerca in Economics (XXVIII ciclo), LUISS Guido Carli, Roma, 2017. Relatore: Prof. Daniela Di Cagno.
Uncontrolled Keywords: Intertemporal decision. Choice reversal. Saving/spending behaviors.
MIUR Scientific Area: Area 13 - Economics and Statistics > SECS-P/01 Political Economy
Deposited by: Maria Teresa Nisticò
Date Deposited: 03 Oct 2017 15:28
Last Modified: 03 Oct 2017 15:29
URI: http://eprints.luiss.it/id/eprint/1480

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