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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
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)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- George Loewenstein & Ted O'Donoghue & Matthew Rabin, 2001.
"Projection Bias in Predicting Future Utility,"
General Economics and Teaching
- George Loewenstein, Ted O'Donoghue and Matthew Rabin., 2000. "Projection Bias in Predicting Future Utility," Economics Working Papers E00-284, University of California at Berkeley.
- Loewenstein, George & O'Donoghue, Ted & Rabin, Matthew, 2002. "Projection Bias in Predicting Future Utility," Working Papers 02-11, Cornell University, Center for Analytic Economics.
- Loewenstein, George & O'Donoghue, Ted & Rabin, Matthew, 2000. "Projection Bias in Predicting Future Utility," Department of Economics, Working Paper Series qt5qh6142m, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Dolan, Paul & Metcalfe, Robert, 2010. "'Oops...I did it again': Repeated focusing effects in reports of happiness," Journal of Economic Psychology, Elsevier, vol. 31(4), pages 732-737, August.
- Alex Michalos, 1985. "Multiple discrepancies theory (MDT)," Social Indicators Research, Springer, vol. 16(4), pages 347-413, May.
- P Dolan & N Powdthavee, 2008.
"Thinking About It: A Note on Attention and Well-Being Losses From Unemployment,"
08/17, Department of Economics, University of York.
- Paul Dolan & Nattavudh Powdthavee, 2012. "Thinking about it: a note on attention and well-being losses from unemployment," Applied Economics Letters, Taylor & Francis Journals, vol. 19(4), pages 325-328, March.
- Naoki Nakazato & Ulrich Schimmack & Shigehiro Oishi, 2011. "Effect of Changes in Living Conditions on Well-Being: A Prospective Top–Down Bottom–Up Model," Social Indicators Research, Springer, vol. 100(1), pages 115-135, January.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.