Happiness as a Driver of Risk-avoiding Behaviour: Theory and an Empirical Study of Seatbelt Wearing and Automobile Accidents

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Happiness as a Driver of Risk-avoiding Behaviour: Theory and an Empirical Study of Seatbelt Wearing and Automobile Accidents

Governments try to discourage risky health behaviours, yet such behaviours are bewilderingly persistent. We suggest a new conceptual approach to this puzzle. We show that expected utility theory predicts that unhappy people will be attracted to risk-taking. Using US seatbelt data, we document evidence strongly consistent with that prediction. We exploit various methodological approaches, includ...

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Happiness as a driver of risk-avoiding behavior: Theory and an empirical study of seatbelt wearing and automobile accidents

1Department of Statistics, University of Warwick, Coventry, United Kingdom Present address: Medical Research Council Biostatistics Unit, Institute of Public Health, University Forvie Site, Robinson Way, Cambridge, CB2 0SR, UK. 2The Netherlands Cancer Institute, 1066 CX Amsterdam, The Netherlands and Department of Statistics and Centre for Complexity Science, University of Warwick, Coventry, Uni...

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Happiness as a driver of risk-avoiding behavior: A conceptual framework with an application to seatbelt wearing and automobile accidents

1Department of Statistics, University of Warwick, Coventry, United Kingdom Present address: Medical Research Council Biostatistics Unit, Institute of Public Health, University Forvie Site, Robinson Way, Cambridge, CB2 0SR, UK. 2The Netherlands Cancer Institute, 1066 CX Amsterdam, The Netherlands and Department of Statistics and Centre for Complexity Science, University of Warwick, Coventry, Uni...

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ژورنال

عنوان ژورنال: Economica

سال: 2014

ISSN: 0013-0427

DOI: 10.1111/ecca.12094