Arbeitspapier
Delay and deservingness after winning the lottery
Economics rests upon a set of presumptions about how human beings are affected by income. Yet causal evidence is scant. This paper reports a longitudinal study of randomly selected lottery winners. Remarkably, we show that it takes almost three years before they enjoy their money. We develop a model of dissonance and deservingness. We argue that, despite the tradition of economics, human beings may weight differently the different kinds of income that accrue to them. If so, it is not sufficient to describe utility by a function u(y), and it is not true that 'a dollar is a dollar'.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 0815
- Klassifikation
-
Wirtschaft
General Welfare; Well-Being
- Thema
-
well-being
lottery income
deservingness
cognitive dissonance
happiness
Glücksspiel
Emotion
Zufriedenheit
Haushaltseinkommen
Test
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Oswald, Andrew J.
Winkelmann, Rainer
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Zurich, Socioeconomic Institute
- (wo)
-
Zurich
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Oswald, Andrew J.
- Winkelmann, Rainer
- University of Zurich, Socioeconomic Institute
Entstanden
- 2008
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