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Satisfaction and Learning: an experimental game to measure happiness

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Author Info

  • Marco Novarese

    (Centre for Cognitive Economics - Università del Piemonte Orientale, Alessandria, Italy)

  • Salvatore Rizzello

    (Centre for Cognitive Economics - Università del Piemonte Orientale, Alessandria, Italy)

Abstract

This paper aims to illustrate the results of an experimental analysis in which - along with organizational coordination - the participants' level of satisfaction was measured. As in the analysis of individual happiness, satisfaction is here measured by explicitly asking players. A series of interesting results emerges: (1) it is possible to measure satisfaction in an experiment; (2) as expected, satisfaction is mainly affected by the score; given this value, there are, nevertheless, other relevant elements affecting it; (3) experience and learning seem also to play a relevant role in influencing the evolution of satisfaction. In fact, a training in a situation in which coordination is difficult, improve the mean levels of satisfaction in the next period. A training in a situation in which players have to interact with strongly opportunistic partners, make players' satisfaction more penalized by the opportunism of the others. These results can be related to the cognitive literature on individual decision making and on Herbert Simon's satisficing model.

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File URL: http://128.118.178.162/eps/mic/papers/0306/0306004.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Microeconomics with number 0306004.

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Date of creation: 20 Jun 2003
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Handle: RePEc:wpa:wuwpmi:0306004

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Web page: http://128.118.178.162

Related research

Keywords: happiness; experimental economics; satisficing; evolution;

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References

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  1. M. Posch & A. Pichler & K. Sigmund, 1998. "The Efficiency of Adapting Aspiration Levels," Working Papers ir98103, International Institute for Applied Systems Analysis.
  2. Ulrich Witt, 2006. "Evolutionary Economics," Papers on Economics and Evolution 2006-05, Philipps University Marburg, Department of Geography.
  3. Selten, Reinhard, 1999. "What is Bounded Rationality? Paper prepared for the Dahlem Conferen," Discussion Paper Serie B 454, University of Bonn, Germany.
  4. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages S251-78, October.
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Cited by:
  1. McBride, Michael, 2010. "Money, happiness, and aspirations: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 74(3), pages 262-276, June.
  2. Estrada, Fernando, 2010. "Economics and Rationality of organizations: an approach to the work of Herbert A. Simon," MPRA Paper 21811, University Library of Munich, Germany.
  3. Novarese, Marco, 2007. "Individual learning in different social contexts," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(1), pages 15-35, February.

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