tag:blogger.com,1999:blog-2830084253401570472.post4763964404356847090..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: Policy implications of happinessEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2830084253401570472.post-54402823521304452912010-12-27T08:54:48.148+13:002010-12-27T08:54:48.148+13:00When I was studying econometrics at university I w...When I was studying econometrics at university I was told that trying to to explain a stationary process (like the output on a scale of 1 to 10) with non-stationary processes that aren't cointegrated (like GDP) then you've made a fundamental specification error.<br /><br />I find it troubling that so much happiness research is making such a fundamental error.James Knoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-9166520814102889382010-12-27T07:56:59.092+13:002010-12-27T07:56:59.092+13:00Leaving policy implications aside, it may also be ...Leaving policy implications aside, it may also be that any such genetic effects are wholly or partly effects on reporting style rather than actual subjective well-being, as suggested by Judith Rich Harris more than ten years ago. (This is not acknowledged by the authors in the intro, discussion or conclusion of the paper, but I have not read the rest of it.) <br /><br />Somewhat related, see <a href="http://pyjamasinbananas.blogspot.com/2010/10/levelling-spirit-pt-2.html" rel="nofollow">this post</a> about self-reported psychological well-being as associated with self-reported vs. objective measures of health: "The large apparent influence of stress on incident angina was probably seen because the people who reported high stress also reported other forms of discomfort in their lives, including chest pain. This was obviously not due to there being any actual stress-related coronary disease, otherwise it would have been revealed in incident ischaemia and cardiovascular disease mortality."<br /><br />P.S.: <a href="http://twitter.com/TimHarford/status/14351654103031808" rel="nofollow">"one Twitterer"</a>.LemmusLemmushttps://www.blogger.com/profile/00917054221547240969noreply@blogger.com