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Measuring Welfare   Message List  
Reply | Forward Message #36 of 65 |
Re: [futarchy_discuss] Measuring Welfare

david.curran@... (David Curran) writes:
>I see many problems with these suggested measures
> Lifespan can be extended in all sorts of authoritarian ways. Ban
>smoking is an obvious one. Is there any way to measure the value of
>free choice in GDP+?{1}

If we had a good measure of psychological well-being, that should solve
this problem. I doubt we can solve the problem without measuring
psychological well-being.
If a ban on smoking is the worst problem produced by futarchy, I'll be
fairly satisfied with the results.

tehom@... (Tom Breton (Tehom)) writes:
>> Subjective comparisons with the past. Many people think that the past
>> there was no crime and the health care was much better. Almost all
>> evidence(2) I have seen seems to show these beliefs to be not very
>> accurate. If people do have rose tinted hindsight how can you
>> counteract this bias?
>
>I anticipated that objection and answered it. Perhaps you found my answer
>unconvincing. If so, could you say why?

People do a poor job of comparing their own emotions over time (see the
book Stumbling on Happiness for evidence). They are strongly influenced
by how they feel now and by how they think they ought to have felt. So
I think it's likely that having them compare feelings over time will
do more to add noise and/or bias than to add accurate information.

--
------------------------------------------------------------------------------
Peter McCluskey | When someone is honestly 55% right, that's very good
www.bayesianinvestor.com| Whoever says he's 100% right is a fanatic



Fri Mar 28, 2008 9:01 pm

pcmgeek
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Message #36 of 65 |
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Bhutan is trying to define national welfare http://www.physorg.com/news125462439.html "The main concerns have been identified as psychological well-being,...
David Curran
iamreddave
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Mar 25, 2008
2:08 pm

... Life expectancy provides a fairly objective measure that is rather highly correlated with the concerns that I care about. Some care needs to be taken to...
Peter C. McCluskey
pcmgeek
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Mar 26, 2008
3:34 am

... I'm glad you asked that. I would include a component to measure self-reported satisfaction. Now, self-reported satisfaction ("happiness") is notoriously ...
Tom Breton (Tehom)
tehom2000
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Mar 27, 2008
2:55 am

I see many problems with these suggested measures Lifespan can be extended in all sorts of authoritarian ways. Ban smoking is an obvious one. Is there any way...
David Curran
iamreddave
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Mar 27, 2008
11:27 am

... The law of unintended consequences. This sort of discussion is largely an attempt to anticipate those consequences. ... Or, is there a way to measure...
Tom Breton (Tehom)
tehom2000
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Mar 27, 2008
5:45 pm

... well-being is what's being asked about. So the survey question would be something like "Are you better off than you were N years ago?" You could be better...
David Curran
iamreddave
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Mar 27, 2008
6:09 pm

... That is true. I'm tempted to suggest framing the question in a way that excluded mere age. Something like "Other than being N years older than you were,...
Tom Breton (Tehom)
tehom2000
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Mar 27, 2008
9:09 pm

... If we had a good measure of psychological well-being, that should solve this problem. I doubt we can solve the problem without measuring psychological...
Peter C. McCluskey
pcmgeek
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Mar 28, 2008
9:01 pm

... You make a good point. Especially "how they think they ought to have felt" - that's something I hadn't considered. On the other hand, even though I summed...
Tom Breton (Tehom)
tehom2000
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Mar 29, 2008
6:33 pm

... By not asking them to do intertemporal comparisons. You appear to have suggested doing those comparisons in order to solve problems associated with...
Peter C. McCluskey
pcmgeek
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Mar 31, 2008
9:20 pm

... It seems to me that satisfaction reports are implicitly some sort of intertemporal comparison. Or at least the alternative bases for satisfaction reports...
Tom Breton (Tehom)
tehom2000
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Apr 1, 2008
1:59 am
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