Focusing on the Focusing Illusion..
AbstractThe paper presents evidence that validate the focusing illusion. Specifically, the forecasted impact of a basketball championship on students’ subjective well-being was exaggerated because of their intense focus on the event. However, the self-reported states of being for life domains not closely associated with the focal event remained stable throughout the survey periods. Further analysis of the data finds that the exaggerated level of subjective well-being brought about by the focusing illusion had minimal spillover effects on the reported levels of subjective well-being for the other life domains.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 44366.
Date of creation: 14 Jan 2013
Date of revision:
Focusing illusion; spillover; subjective well-being; happiness; life domains;
Find related papers by JEL classification:
- C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
- C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- D10 - Microeconomics - - Household Behavior - - - General
- D6 - Microeconomics - - Welfare Economics
- I0 - Health, Education, and Welfare - - General
- Y8 - Miscellaneous Categories - - Related Disciplines
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-16 (All new papers)
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Department of Economics, Working Paper Series
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