The curse of comparison

Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 (16 January 2023) The curse of comparison. scilog - the magazine of the Austrian Science Fund FWF.

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Abstract

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.

Item Type: Other
Research Units: Current Research Groups > Macroeconomics and Business Cycles
Date Deposited: 16 Jan 2023 09:05
Last Modified: 12 Feb 2024 09:25
URI: https://irihs.ihs.ac.at/id/eprint/6447

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