4. 4
Increasing relevance of behavioural economics
Behavioural Economics, Nudge, and Libertarian Paternalism
have arrived in Ireland.
Focus is on boundedly rational decision making.
Self-control problems.
5. 5
Two forms of Subjective Well-Being
• Evaluative life satisfaction: Thinking about life
• Hedonic experiences: Living
Two measures of hedonic experiences
• Experienced Sampling Method
• Day Reconstruction Method (Kahneman et al., 2004)
Increasing relevance of Subjective Well-Being (SWB)
6. 6
Phase 1: Systematic reconstruction of “episodes” on the
previous day in a short diary.
“Think about what you did and how you felt yesterday
around 1pm. Think of this as an episode in a film…”
Phase 2: Follow-up questions for each episode about time,
location, activities, social interactions, emotions, desires, self-
control …
“How did you feel? Was there anything that you
wanted? …”
The Day Reconstruction Method (DRM)
7. 7
955 participants from Amárach Research’s Omnibus survey.
Representative of Ireland (Age=44.4, 55% female, 28% single,
63.9% married, 32% from Dublin). 58% on the weekend.
Up to 3 episodes per participant.
Number of recorded episodes = 2670.
Number of recorded desires = 1936.
The Study
23. 23
Did you want something?
Did it conflict with a goal?
Did you attempt to resist?
Did you enact the desire?
Measuring self-control failures
- Yes
- Yes
- Yes
- Yes
= Self-control
failure
32. 32
Different degrees of trait self-control
How much do you agree on a scale from 1 to 5:
• I am good at resisting temptation.
• I have a hard time breaking bad habits (reversed).
• I often act without thinking through all the alternatives
(reversed).
• …
39. 39
Discussion
Summary: The DRM provides information about the where,
when, with whom, etc. of well-being and self-control.
Limitations: Self-reported, recalled, correlational.
Relevance: Huge potential to design and test business & policy
interventions.
… For example using domain-specific DRMs in areas
such as medication, work-arrangements, teaching,
commuting, food consumption, entertainment,
sleep quality, social media use, etc…
40. 40
Desires to eat and perceptions
n=254, 714 episodes. With Sarah Breathnach.