SOC SCI H1E Lecture Notes - Lecture 12: Easterlin Paradox, Marginal Utility, Null Hypothesis

• School: UC-Irvine
• Department: Social Science
• Course: SOC SCI H1E
• Professor: O'Connell

Document Summary

Question & answer format so come with questions about study guide & the midterm. The relationship between money (income) & happiness. If increase in income, then happiness will increase to a point. Difference in happiness that increase in income creates will diminish as income increases. Did not see any correlation between income & happiness. *easterlin paradox -> seen as strange that wasn"t seeing relationship between income & happiness. *neither easterlin nor veenhoven had principled reason to choose the types of curves they looked for. Looked at exactly the same data sets as easterlin. Different type of regression with same data -> found logarithmic curve. Used more recent data than easterlin & veenhoven. Found a slight positive correlation between income & happiness. Existing surveys -> easterlin did not get his own data. Used the question: generally speaking, would you say you are very, quite, or not too happy .