Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices
通过调查美国医学院学生的住院医师选择，发现选择排名与预期主观幸福感排名在特征权衡上存在显著差异，评估性幸福感指标比情感幸福感更接近实际选择。
We survey 561 students from US medical schools shortly after they submit choice rankings over residencies to the National Resident Matching Program. We elicit (i) these choice rankings, (ii) anticipated subjective well-being (SWB) rankings, and (iii) expected features of the residencies (such as prestige). We find substantial differences between choice and anticipated-SWB rankings in the implied trade-offs between residency features. In our data, evaluative SWB measures (life satisfaction and Cantril's Ladder) imply trade-offs closer to choice than does affective happiness (even time-integrated), and as close as do multimeasure SWB indices. We discuss implications for using SWB data in applied work.