There are Free Lunches Statement of Intentions

There are Free Lunches: Behavioral Clues to Live Happy in the Economic World is a blog that intends to present updated and relevant information about the "hidden" and only recently uncovered dimensions of the economic science: the behavioral factors. With this blog we intend to promote in Europe and in the rest of the World, the top research articles and perspectives on behavioral economics, decision making, consumer behavior, and general behavioral science. We aim to be followed by journalists, academics, managers, civil servants, and everyone who wishes to improve their daily interaction with the economic world and consequently, their lives' happiness.

Thursday, 6 September 2012

CO2 #2 Is Feeling Bad a Luxury Problem? (via Huffington Post)

In Judith Viorst's classic children's book Alexander and the Terrible, Horrible, No Good, Very Bad Day, Alexander wakes up with chewing gum in his hair -- and everything goes downhill from there. He trips on his skateboard and drops his sweater in the sink. He doesn't get a window seat in the car, and the dentist tells him he has a cavity. His mother makes him get white sneakers instead of the blue-and-red-striped ones he covets. He's forced to eat lima beans for dinner, and there's kissing on TV. To top it all, his nightlight burns out just as he's getting ready for bed.
Alexander's plight resonates not just with kids but with any adult who has ever whined about a luxury problem. Alexander is clearly a very fortunate child. He has food on the dinner table every day, a warm bed for sleep, dental care, a sweater, and sneakers, not to mention real luxuries like a TV and a skateboard. So when we read about the spoiled child's tantrums, we can't help but be reminded that most of the stresses in our adult lives -- the congested commuter traffic, the workplace conflict, the leaky roof -- are also luxury problems.
Read about this interesting study concerning the relation between emotions, health, and GDP worldwide: EmotionsHealthGDP

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