Why income comparison is rational

DOI10.1016/j.geb.2009.12.001zbMath1230.91049OpenAlexW1985746373MaRDI QIDQ980971

David H. Wolpert

Publication date: 8 July 2010

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.geb.2009.12.001

zbMATH Keywords

decision theorysearch algorithmherdingEasterlin paradoxhedonic utilityincome comparisonkeep up with the Jonesessocial comparisonU-shaped lifetime curve

Mathematics Subject Classification ID

Utility theory (91B16) Welfare economics (91B15)

Cites Work

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• Optimization by Simulated Annealing
• Which one should I imitate?
• Imitation-theory and experimental evidence
• Strategic Choice of Preferences: the Persona Model
• Optimal Redistributive Taxation When Individual Welfare Depends Upon Relative Income
• A Theory of Fairness, Competition, and Cooperation
• The Evolution of Walrasian Behavior
• Adaptive Heuristics
• Information-Based Relative Consumption Effects

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