Do individuals try to maximize general satisfaction?

Authors
Citation
P. Frijters, Do individuals try to maximize general satisfaction?, J ECON PSYC, 21(3), 2000, pp. 281-304
Citations number
34
Categorie Soggetti
Psycology
Journal title
JOURNAL OF ECONOMIC PSYCHOLOGY
ISSN journal
01674870 → ACNP
Volume
21
Issue
3
Year of publication
2000
Pages
281 - 304
Database
ISI
SICI code
0167-4870(200006)21:3<281:DITTMG>2.0.ZU;2-H
Abstract
The hypothesis that individuals try to maximize their life-satisfaction is analyzed. The approach was to derive empirically testable predictions as to the relationships between intentions, actions, importance weights, and sat isfaction levels that would be consistent with the hypothesis, and to test these predictions on a Russian and a German panel data set. The respondents investigated were more likely to intend to change those areas they are uns atisfied with in this period, were more likely to actually have changed tho se areas they were unsatisfied with in the last period, and tended to find the areas of their lives they were dissatisfied with less important. The re lationships were not very strong though and were more reliable for the Germ an data set than for the Russian data set. The findings therefore give only limited support to the hypothesis examined. (C) 2000 Elsevier Science B.V. All rights reserved. PsycINFO classification: 2340; 3120 JEL classificatio n: D00; D63; 130.