Laboratory evidence for emotional externalities: an essay in honor of EJ Mishan

Sgroi, D., Proto, E. , Oswald, A. J. and Dobson, A. (2016) Laboratory evidence for emotional externalities: an essay in honor of EJ Mishan. Singapore Economic Review, 61(3), 1640015. (doi: 10.1142/S0217590816400154)

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Professor EJ Mishan was a world expert on the idea of externalities. In this paper, we provide evidence for the intuitive idea of “emotional externalities”. These might be viewed as psychological spillovers from the well-being of one person upon the well-being of another. A new form of laboratory experiment is implemented. “Happiness” answers are elicited in the first few seconds of the experiment. Tragic life events — like family illness and bereavement — are then studied. The paper documents evidence consistent with a powerful caring-about-others effect. The paper’s results also suggest an approximate equivalence between life-satisfaction data and happiness data.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Proto, Professor Eugenio
Authors: Sgroi, D., Proto, E., Oswald, A. J., and Dobson, A.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Singapore Economic Review
Publisher:World Scientific Publishing
ISSN (Online):1793-6837
Published Online:19 May 2016
Copyright Holders:Copyright © 2016 World Scientific Publishing Company
First Published:First published in Singapore Economic Review 61(3): 1640015
Publisher Policy:Reproduced in accordance with the publisher copyright policy

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