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Does misery love company? An experimental investigation

Author

Listed:
  • Katherine Farrow

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Gilles Grolleau

    (CEREN - Centre de Recherche sur l'ENtreprise [Dijon] - BSB - Burgundy School of Business (BSB) - Ecole Supérieure de Commerce de Dijon Bourgogne (ESC), CEE-M - Centre d'Economie de l'Environnement - Montpellier - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement - UM - Université de Montpellier)

  • Lisette Ibanez

    (CEE-M - Centre d'Economie de l'Environnement - Montpellier - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement - UM - Université de Montpellier)

Abstract

The conventional wisdom summarized in the adage `misery loves company,' suggests that suering can be made easier to bear if it is also shared by others. Given increasing interest in subjective well-being and happiness as constituents of national wealth and priorities in policy-making and organizational management, we empirically investigate the validity of this phenomenon in order to explore whether it may be possible to mitigate decreases in subjective well-being simply by leveraging social comparison. We implement an experimental survey designed to gauge the suitability of this strategy on a representative sample of approximately 2000 U.S. residents. Our results indicate that, while this hypothesis is indeed borne out among certain populations within the sample, we nd stronger and more widespread support for the opposite phenomenon, suggesting rather that `happiness hates company.' These novel ndings can inform policy interventions aiming to enhance well-being and point to promising avenues for further work.

Suggested Citation

  • Katherine Farrow & Gilles Grolleau & Lisette Ibanez, 2022. "Does misery love company? An experimental investigation," Post-Print hal-03134312, HAL.
    • Handle: RePEc:hal:journl:hal-03134312
    Note: View the original document on HAL open archive server: https://hal.inrae.fr/hal-03134312
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    References listed on IDEAS

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    More about this item

    Keywords

    well-being; social norms; positional preferences; social information; social information JEL codes: C90; D03; D60; I31;
    All these keywords.

    JEL classification:

    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D60 - Microeconomics - - Welfare Economics - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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