Thursday, October 23, 2014

Elena Gutierrez, Chapter 9, Question 6

The passage where Wheelan wrote about behavioral economics was interesting to me. Specifically Wheelan wrote about a study that behavioral economists conducted that asked its participants to journal about various things that they do throughout the day and how they felt while doing it. The experiment's results were not surprising. People felt the least happy while driving to work in the morning, and the most happy when engaging in "intimate relations" with their significant other. On an emotional economic level, Wheelan wondered if the joyless commute to work was worth the income that a person recieves from their job. In other words Wheelan was wondering when the emotional cost of doing something would surpass the economical benefit. My question now is to what extent are people willing to give up their happiness for material gain? 

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