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Does misery love company? An experimental investigation
- Source :
- Oxford Economic Papers, Oxford Economic Papers, Oxford University Press (OUP), In press, Oxford Economic Papers, 2022, 74 (2), pp.523-540
- Publication Year :
- 2021
- Publisher :
- HAL CCSD, 2021.
-
Abstract
- The conventional wisdom summarized in the adage ‘misery loves company’ suggests that suffering can be made easier to bear if it is also shared by others. Given increasing interest in subjective well-being and happiness as constituents of national wealth and priorities in policy-making and organizational management, we empirically investigate the validity of this phenomenon in order to explore whether it may be possible to mitigate decreases in subjective well-being simply by leveraging social comparison. We implement an experimental survey designed to gauge the suitability of this strategy on a representative sample of approximately 2,000 US residents. Our results indicate that, while this hypothesis is indeed borne out among certain populations within the sample, we find stronger and more widespread support for the opposite phenomenon, suggesting rather that ‘happiness hates company’. These novel findings can inform policy interventions aiming to enhance well-being and point to promising avenues for further work.
- Subjects :
- Economics and Econometrics
JEL: I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I31 - General Welfare, Well-Being
media_common.quotation_subject
050109 social psychology
Sample (statistics)
Conventional wisdom
[SHS]Humanities and Social Sciences
Adage
well-being
Phenomenon
0502 economics and business
0501 psychology and cognitive sciences
positional preferences
I31
050207 economics
Marketing
[SHS.ECO] Humanities and Social Sciences/Economics and Finance
social norms
JEL: D - Microeconomics/D.D6 - Welfare Economics/D.D6.D60 - General
media_common
Social comparison theory
05 social sciences
social information JEL codes: C90
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
social information
D60
JEL: C - Mathematical and Quantitative Methods/C.C9 - Design of Experiments/C.C9.C90 - General
Well-being
Happiness
National wealth
[SHS] Humanities and Social Sciences
D03
Psychology
Subjects
Details
- Language :
- English
- ISSN :
- 00307653 and 14643812
- Database :
- OpenAIRE
- Journal :
- Oxford Economic Papers, Oxford Economic Papers, Oxford University Press (OUP), In press, Oxford Economic Papers, 2022, 74 (2), pp.523-540
- Accession number :
- edsair.doi.dedup.....78a9061ca531784945604faf8f0577f0