The curse of comparison
Comparing ourselves with others makes us … unhappy. That is especially true, if we set the bar too high. Economist Jaroslava Hlouskova has derived formulas that can give a better picture of how this behavior influences decisions about consumption and investment. Her research is in the field of prosp...| Link(s) zu Dokument(en): | IHS Publikation |
|---|---|
| 1. Verfasser: | |
| Format: | Other NonPeerReviewed |
| Veröffentlicht: |
2023
|
| Zusammenfassung: | Comparing ourselves with others makes us … unhappy. That is especially true, if we set the bar too high. Economist Jaroslava Hlouskova has derived formulas that can give a better picture of how this behavior influences decisions about consumption and investment. Her research is in the field of prospect theory that sees households as being driven not exclusively by rationality, but also by reference dependence and loss aversion. |
|---|