Satisfaction and happiness

I review the recent literature on satisfaction and happiness, identify some plausible next steps to take at the frontiers of the research field and offer some suggestions to facilitate those steps. Using partial correlation techniques, substantial levels of covariation are found among the variables that are used in predictions of satisfaction and happiness with life as a whole from satisfaction with specific domains (e.g. family life, health). Using path analysis, confirmation is found in a dozen domains for a model which has satisfaction as a function of a perceived goal-achievement gap, and the latter as a function of comparisons with previous best experience and the status of average folks. Using discriminant analysis, satisfaction with family life is found to be a powerful and predominant discriminator among three groups, identified as Frustrated (dissatisfied and unhappy), Resigned (satisfied and unhappy) and Achievers (satisfied and happy).     

The Qualityity-of-Life (QOL) Research Movement: Past, Present, and Future

The purpose of this paper is to trace the history of the social indicators or quality-of-life (QOL) research movement up to today, forecast future developments, and pave the way for future growth. Broadly speaking, we tried to review historical antecedents from the point of view of different disciplines, with specialists in each discipline preparing the basic text and co-authors helping to polish the material into a finished product. Briefly, we begin with an overview of the conceptual and philosophical foundations of our field of research. That is followed by a historical overview of the sociological roots of our field. In the third section, the main contributions from the discipline of economics are reviewed. Following that, the fourth section covers a historical overview of the literature on health-related quality of life is provided. Next, the history of QOL research from a marketing perspective is reviewed followed by a history from the perspectives of industrial/organizational psychology and management. Finally, we offer some forecasts for future QOL studies that are intended not only to predict what might happen, but to encourage, stimulate and motivate researchers to undertake new initiatives.     

Mind‐mindedness and self–other distinction: Contrasts between Japanese and British mothers’ speech samples

To elucidate cultural contrasts in children's family environments, we conducted in‐depth, direct comparisons of mind‐mindedness and self–other distinction from maternal speech. The study included 5‐min speech samples of 225 mothers from Japan (N = 111) and the U.K. (N = 114) talking about their 3‐ to 6‐year‐old children (including 11 sibling pairs, n = 236). Compared with Japanese mothers, British mothers spoke significantly more, gave a significantly higher proportion of child‐focused and mind‐related comments, and also showed a stronger self–other distinction. In addition, within each country, there was a positive relation between mothers’ references to children in the singular (as opposed to plural) form and their mind‐mindedness. Together, the current findings highlight cultural variations in maternal mind‐mindedness, explicit–implicit communication style, and self–other distinction, and also suggest further exploration of relations among them.     

On the test of liu and chow's procedure for assessing equivalence in variability of bioavailability

Similar to Schuirmann's two one-sided tests procedure for assessment of bioequivalence in average bioavailability (Schuirmann,), Liu and Chow proposed a two one-sided tests procedure for assessment of equivalence of variability of bioavailability. Their procedure is derived based on the correlation between crossover differences and subject totals. In this paper, we examined the performance of their test procedure in terms of its test size and power for various situations where the intersubject variability and the intrasubject variability of the test drug product are relatively larger, similar, and smaller than that of the intrasubject variability of the reference drug product.     

Exploring Neighborhood Effects on Health and Life Satisfaction: Disentangling Neighborhood Racial Density and Neighborhood Income

This study examines the independent and synergistic influences of neighborhood racial density and neighborhood income on several indicators of health status and life satisfaction in a sample of 311 adult African Americans living in New York City. This is made possible by the two-stage sampling procedure that was used in the collection of the data, ensuring that respondents?? neighborhoods vary on both racial density and income. Findings from a series of OLS regression models that adjust standard errors to account for the non-independence of observations demonstrate that neighborhood income moderates the relationship between racial density and health and life satisfaction. When neighborhood income is low, high neighborhood racial density is detrimental for health and life satisfaction. However, when neighborhood income is high, neighborhood racial density is protective for health and life satisfaction. These results indicate that the role of neighborhood income needs to be considered when examining the relationship between neighborhood racial density, health, and life satisfaction. Moreover, these findings may provide insight for understanding the past conflicting results.     

A Note on Consistency in Utility Assessment*

A methodology for determining a von Neumann-Morgenstern utility function is outlined based on the axioms crucial to such a function. Reconciliation of inconsistent judgments is facilitated using the theory of reciprocal matrices. Numerical measures of the collective divergence of a set of judgments from perfect consistency or coherency are provided.     

Public Disclosure and Dissimulation of Insider Trades

Regulation requiring insiders to publicly disclose their stock trades after the fact complicates the trading decisions of informed, rent‐seeking insiders. Given this requirement, we present an insider's equilibrium trading strategy in a multiperiod rational expectations framework. Relative to Kyle (1985), price discovery is accelerated and insider profits are lower. The strategy balances immediate profits from informed trades against the reduction in future profits following trade disclosure and, hence, revelation of some of the insider's information. Our results offer a novel rationale for contrarian trading: dissimulation, a phenomenon distinct from manipulation, may underlie insiders' trading decisions.