scholarly journals Measuring happiness under interpersonal comparison: An advanced theoretical framework and implications

PLoS ONE ◽  
2021 ◽  
Vol 16 (12) ◽  
pp. e0261407
Author(s):  
Junyi Chai

The origin of happiness arouses people’s curiosity for a long time. Recent research introduces a utility theory for measuring subjective happiness in a social context. The past recent monetary conditions influence the present subjective happiness through two distinct channels: interpersonal comparison and self-adaptation. In this paper, we develop this theory to analyze behavioral patterns. Together with prospect theory’s gain-loss utility function, we exploit the theory in predicting psychological phenomena of craving. We explore the relationships between happiness and earnings. Under certain conditions, a high payoff disappoints you immediately and even leads to continuous disappointment across periods. We extend the explanations of the scenarios of New York cabdrivers’ labor-supply decisions. The effect of social comparisons may trigger workers’ behaviors of quit-working, which deepen related understandings of the literature.

2016 ◽  
Vol 69 (4) ◽  
pp. 57-64
Author(s):  
Genevieve Yue

Genevieve Yue interviews playwright Annie Baker, whose Pulitzer Prize–winning play The Flick focuses on the young employees of a single-screen New England movie house. Baker is one of the most critically lauded playwrights to emerge on the New York theater scene in the past ten years, in part due to her uncompromising commitment to experimentation and disruption. Baker intrinsically understands that arriving at something meaningful means taking a new way. Accordingly, Baker did not want to conduct a traditional interview for Film Quarterly. After running into each other at a New York Film Festival screening of Chantal Akerman's No Home Movie (2015)—both overwhelmed by the film—Yue and Baker agreed to begin their conversation by choosing a film neither of them had seen before and watching it together. The selection process itself led to a long discussion, which led to another, and then finally, to the Gmail hangout that forms the basis of the interview.


1988 ◽  
Vol 27 (1) ◽  
pp. 81-83
Author(s):  
Nadeem A. Burney

Its been long recognized that various economies of the world are interlinked through international trade. The experience of the past several years, however, has demonstrated that this economic interdependence is far greater than was previously realized. In this context, the importance of international economic theory as an area distinct from general economics hardly needs any mentioning. What gives international economic theory this distinction is international markets for some goods and effects of national sovereignty on the character of economic activity. Wilfred Ethier's book, which incorporates recent developments in the field, is an excellent addition to textbooks on international economics for one- or twosemester undergraduate courses. The book mostly covers standard topics. A distinguishing feature of this book is its detailed analysis of the flexible exchange rates and a discussion of the various approaches used for their determination. Within each chapter, the author has extensively used facts, figures and major events to clarify the concepts in the light of the theoretical framework. The book also discusses, in a fair amount of detail, the existing international monetary system and the role of various international organizations.


2019 ◽  
Author(s):  
Adib Rifqi Setiawan

Lisa Randall is a theoretical physicist working in particle physics and cosmology. She was born in Queens, New York City, on June 18, 1962. Lisa Randall is an alumna of Hampshire College Summer Studies in Mathematics; and she graduated from Stuyvesant High School in 1980. She won first place in the 1980 Westinghouse Science Talent Search at the age of 18; and at Harvard University, Lisa Randall earned both a BA in physics (1983) and a PhD in theoretical particle physics (1987) under advisor Howard Mason Georgi III, a theoretical physicist. She is currently Frank B. Baird, Jr. Professor of Science on the physics faculty of Harvard University, where he has been for the past a decade. Her works concerns elementary particles and fundamental forces, and has involved the study of a wide variety of models, the most recent involving dimensions. She has also worked on supersymmetry, Standard Model observables, cosmological inflation, baryogenesis, grand unified theories, and general relativity. Consequently, her studies have made her among the most cited and influential theoretical physicists and she has received numerous awards and honors for her scientific endeavors. Since December 27, 2010 at 00:42 (GMT+7), Lisa Randall is Twitter’s user with account @lirarandall. “Thanks to new followers. Interesting how different it feels broadcasting on line vs.via book or article. Explanations? Pithiness? Rapidity?” is her first tweet.


1970 ◽  
Vol 2 (3) ◽  
pp. 17-19 ◽  
Author(s):  
Jack D Ives

Preview of Himalayan perceptions: Environmental change and the well-being of mountain peoples by JD Ives Routledge, London and New York To be published in August 2004 Himalayan Perspectives returns to the enormously popular development paradigm that Ives dubbed the ‘Theory of Himalayan Degradation’. According to this seductive construct, poverty and overpopulation in the Himalayas was leading to degradation of highland forests, erosion, and downstream flooding. In the ‘Himalayan Dilemma’, Ives and Messerli exposed this “Theory” as a dangerous collection of assumptions and misrepresentations. While most scholars in the field promptly conceded Ives and Messerli’s points, the Theory has somehow survived as the guiding myth of development planners and many government agencies. In his new book, Ives returns to drive a stake through the heart of this revenant. His book not only reviews the research that, over the past 15 years, has confirmed the arguments of the ‘Himalayan Dilemma’; it also takes a close look at all those destructive factors that were overlooked by the conveniently simplistic ‘Theory of Himalayan Environmental Degradation’: government mismanagement, oppression of mountain minorities, armed conflict, and inappropriate tourism development. Himalayan Journal of Sciences 2(3): 17-19, 2004 The full text is of this article is available at the Himalayan Journal of Sciences website


Entropy ◽  
2021 ◽  
Vol 23 (3) ◽  
pp. 300
Author(s):  
Mark Lokanan ◽  
Susan Liu

Protecting financial consumers from investment fraud has been a recurring problem in Canada. The purpose of this paper is to predict the demographic characteristics of investors who are likely to be victims of investment fraud. Data for this paper came from the Investment Industry Regulatory Organization of Canada’s (IIROC) database between January of 2009 and December of 2019. In total, 4575 investors were coded as victims of investment fraud. The study employed a machine-learning algorithm to predict the probability of fraud victimization. The machine learning model deployed in this paper predicted the typical demographic profile of fraud victims as investors who classify as female, have poor financial knowledge, know the advisor from the past, and are retired. Investors who are characterized as having limited financial literacy but a long-time relationship with their advisor have reduced probabilities of being victimized. However, male investors with low or moderate-level investment knowledge were more likely to be preyed upon by their investment advisors. While not statistically significant, older adults, in general, are at greater risk of being victimized. The findings from this paper can be used by Canadian self-regulatory organizations and securities commissions to inform their investors’ protection mandates.


2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Ronald G. Knapp

AbstractAmerica’s first documented wooden covered bridge was erected at Philadelphia, Pennsylvania in 1805. Hundreds were constructed within two decades and at least 10,000 by the later 1800s. As settlers moved West, broad rivers were crossed with inventive structures incorporating timber trusses ingeniously developed by carpenters. Called covered bridges because of the roof and siding needed to protect the timber trusses, they became ubiquitous features on the American landscape. Over the past two centuries, most covered bridges were lost to flood, ice, arson, lightening, decay, as well as “progress,” replaced by “modern” iron, concrete, and steel spans. Of some 700 covered bridges remaining, many are mere replicas of their original forms no longer supported by timber trusses. Genuine historic bridges remain largely from the last half of the 1800s while civic boosterism has led to claims of earlier dates with often questionable authenticity. This essay presents three wooden covered bridges constructed in the 1820s along a 10-mile stretch of the Wallkill River in New Paltz, New York. Of the three, only Perrine’s Bridge, constructed first in 1821 and covered in 1822, is still standing with intact Burr timber trusses. Perrine’s is an iconic structure with exceptional heritage value because of authentic re-building and restoration in 1834, 1846, 1917, and 1968. Using documentary records, this essay establishes an accurate intertwined chronology for the three bridges, detailing nineteenth century building practices and contentious mid-twentieth century struggles pitting preservationists wanting authentic restoration against those wanting removal.


1994 ◽  
Vol 116 (4) ◽  
pp. 727-732 ◽  
Author(s):  
R. J. Nichols

Development of vehicles to operate on nonpetroleum fuels began in earnest in response to the energy shocks of the 1970s. While petroleum will remain the predominant transportation fuel for a long time, petroleum supplies are finite, so it is not too soon to begin the difficult transition to new sources of energy. In the past decade, composition of the fuel utilized in the internal combustion engine has gained recognition as a major factor in the control of emissions from the tailpipe of the automobile and the rate of formation of ozone in the atmosphere. Improvements in air quality can be realized by using vechicles that operate on natural gas, propane, methanol, ethanol, or electricity, but introduction of these alternative fuel vehicles presents major technical and economic challenges to the auto industry, as well as the entire country, as long as gasoline remains plentiful and inexpensive.


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