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The economics of happiness or happiness economics is the theoretical, qualitative and quantitative study of happiness and quality of life, including positive and negative affects, well-being, [1] life satisfaction and related concepts – typically tying economics more closely than usual with other social sciences, like sociology and psychology, as well as physical health.
The book contained provocative claims about the association between marriage and happiness, suggesting that single women are happier than married women. In promoting the book, Dolan said, “Married people are happier than other population subgroups, but only when their spouse is in the room when they’re asked how happy they are.
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Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory. [1] [2] Behavioral economics is primarily concerned with the bounds of rationality of economic ...
Psychophysiological economics differs from behavioral economics by focusing on direct measures of physiological change and observational data, in addition to attitudinal measurement. Psychophysiological economics also differs from functional magnetic resonance imaging , which is typically applied exclusively to the study of brain activity.
In economics, the bliss point is a quantity of consumption where any further increase would make the consumer less satisfied. [1] [2] It is a quantity of consumption which maximizes utility in the absence of budget constraint. In other words, it refers to the amount of consumption that would be chosen by a person so rich that money imposed no ...
In economics, aggregate behavior refers to economy-wide sums of individual behavior. It involves relationships between economic aggregates such as national income, government expenditure, and aggregate demand. For example, the consumption function is a relationship between aggregate demand for consumption and aggregate disposable income.
It is a longitudinal analysis technique to estimate growth over a period of time. It is widely used in the field of psychology, behavioral science, education and social science. It is also called latent growth curve analysis. The latent growth model was derived from theories of SEM.