A Theory of Mood Influenced Investment in Health
Seminar
Speaker
Amnon Levy
Date
30/09/2013 - 12:30 - 11:00Add To Calendar
2013-09-30 11:00:00
2013-09-30 12:30:00
A Theory of Mood Influenced Investment in Health
Abstract: A mood-utility link is incorporated into a theory of rational investment in personal health, whereby mood is adversely (positively) affected as instantaneous utility falls below (rises above) a threshold. The analysis is conducted within a stochastic dynamic framework, where moods are experienced along a health-dependent random lifespan and generate returns that form the individual’s lifetime happiness. The investigation highlights the effects of the inclination to be moody and the health sensitivity to mood on investment in one’s personal health.
JEL Classification: D91
Keywords: Utility threshold; Mood; Risk; Exercising; Health; Lifetime Happiness; Optimal Control
אוניברסיטת בר-אילן - Department of Economics
Economics.Dept@mail.biu.ac.il
Asia/Jerusalem
public
Affiliation
University of Wollongong
Abstract
Abstract: A mood-utility link is incorporated into a theory of rational investment in personal health, whereby mood is adversely (positively) affected as instantaneous utility falls below (rises above) a threshold. The analysis is conducted within a stochastic dynamic framework, where moods are experienced along a health-dependent random lifespan and generate returns that form the individual’s lifetime happiness. The investigation highlights the effects of the inclination to be moody and the health sensitivity to mood on investment in one’s personal health.
JEL Classification: D91
Keywords: Utility threshold; Mood; Risk; Exercising; Health; Lifetime Happiness; Optimal Control
Attached file
Last Updated Date : 18/09/2013
