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eBook details

Title: Subjective Outcomes in Economics (Association Lecture)
Author : Southern Economic Journal
Release Date : January 01, 2004
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 262 KB

Description

1. Introduction There has been an upsurge in the use and analysis in economics of subjective outcomes. A long survey article (Frey and Stutzer 2002) discussed some of the literature, but even that was restricted to only one part of the interest in this type of outcome. A relevant question is why economists are looking at these expressions of behavior now. I think it is partly due to the fact that we are seeking things to do with the large amounts of data that we have suddenly discovered--the Mt. Everest phenomenon: If it's there, we must climb it. Partly too, it may be that we believe that our skills enable us to do better jobs of analyzing outcomes that have previously been the sole purview of other social scientists.