Posts Tagged ‘utility’

  • 15688_5.6_000009370095XSmall

    Social Contagion

    Jun 6, 10 • 127 Views • Behavioral Economics, Labor, Thinking EconomicallyNo Comments

    If unemployment creates unhappiness, then will people be less unhappy if their friends are also unemployed? According to a recent IMF paper, not only are people less unhappy when they and their friends are unemployed, but also, they then tend to be jobless...