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Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
CREMA Working Paper No. 2005-15
Verlag: 
Center for Research in Economics, Management and the Arts (CREMA), Basel
Zusammenfassung: 
The paper studies a major human activity - that of watching TV - where many individuals have incomplete control over, and foresight into, their own behavior. As a consequence, they watch more TV than they consider optimal for themselves and their well-being is lower than what could be achieved. Mainly people with significant opportunity costs of time regret the amount of time spent watching TV. They report lower subjective well-being when watching TV for many hours. For others, there is no negative effect on life satisfaction from watching TV. Long hours spent in front of a TV are linked to higher material aspirations and anxiety and therewith lower life satisfaction.
Schlagwörter: 
Life satisfaction
mispredicting utility
revealed behavior
self-control problem
TV consumption
JEL: 
D12
I31
Dokumentart: 
Working Paper

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