Munich Personal RePEc Archive

On the causes and consequences of Hedonic Adaptation

Perez Truglia, Ricardo Nicolas (2009): On the causes and consequences of Hedonic Adaptation.

This is the latest version of this item.

[img]
Preview
PDF
MPRA_paper_23080.pdf

Download (251kB) | Preview

Abstract

Sensations have both discriminative and affective components. The affective component faces special restrictions when fulfilling warning and defense roles (e.g. pain, fever). As a result, Nature must design self-regulatory utility functions (i.e. hedonic adaptation). Our evolutionary theory gives deeper foundations to the existing models of Robson (2002) and Rayo and Becker (2005). But only our theory can accommodate the wide variation in rates of adaptation across sensations. Indeed, identifying such variation is crucial for the welfare and policy implications. Finally, we provide an application to the psychological defenses, whose predictions are consistent with the region-β paradox (Gilbert et al., 2004).

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.