TY - RPRT AU - Oswald, Andrew J. TI - On the Curvature of the Reporting Function from Objective Reality to Subjective Feelings PY - 2008/Feb/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 3344 UR - https://www.iza.org/index.php/publications/dp3344 AB - I suggest the idea of a reporting function, r(.), from reality to feelings. The ‘happiness’ literature claims we have demonstrated diminishing marginal utility of income. I show not, and that knowing r(.)’s curvature is crucial. A quasi-experiment on heights is studied. KW - height KW - diminishing marginal utility KW - money KW - concavity ER -