LABORATORY EVIDENCE for EMOTIONAL EXTERNALITIES: AN ESSAY in HONOR of EJ MISHAN

Daniel Sgroi; Eugenio Proto; Andrew J. Oswald; Alexander Dobson

doi:10.1142/S0217590816400154

LABORATORY EVIDENCE for EMOTIONAL EXTERNALITIES: AN ESSAY in HONOR of EJ MISHAN

Daniel Sgroi, Eugenio Proto, Andrew J. Oswald, Alexander Dobson

School of Economics

Research output: Contribution to journal › Review article (Academic Journal) › peer-review

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Abstract

Professor EJ Mishan was a world expert on the idea of externalities. In this paper, we provide evidence for the intuitive idea of "emotional externalities". These might be viewed as psychological spillovers from the well-being of one person upon the well-being of another. A new form of laboratory experiment is implemented. "Happiness" answers are elicited in the first few seconds of the experiment. Tragic life events - like family illness and bereavement - are then studied. The paper documents evidence consistent with a powerful caring-about-others effect. The paper's results also suggest an approximate equivalence between life-satisfaction data and happiness data.

Original language	English
Article number	1640015
Journal	Singapore Economic Review
Volume	61
Issue number	3
DOIs	https://doi.org/10.1142/S0217590816400154
Publication status	Published - 1 Jun 2016

Keywords

experiments
happiness
life satisfaction
priming
Subjective well-being
surveys

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title = "LABORATORY EVIDENCE for EMOTIONAL EXTERNALITIES: AN ESSAY in HONOR of EJ MISHAN",

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AU - Oswald, Andrew J.

AU - Dobson, Alexander

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LABORATORY EVIDENCE for EMOTIONAL EXTERNALITIES: AN ESSAY in HONOR of EJ MISHAN

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