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CEP discussion paper
Machiavelli versus concave utility functions: should bads be spread out or concentrated? Paul Frijters, Christian Krekel and Aydogan Ulker March 2020
Paper No' CEPDP1680:
Read Abstract | Full Paper (pdf)

JEL Classification: I31; D1; P35

Tags: wellbeing; mental health; life events; non-linearities; hedonic adaptation; welfare analysis