The relationships between income, life satisfaction and emotional well-being in European countries differing in wealth.

The aim of this study is to investigate whether income has different relationships to subjective well-being in richer countries compared to poorer ones. We report analyses based on interview data collected in the European Social Survey (n = 72,574) that examine how income relates to life satisfaction (LS) and emotional well-being (EWB) in 28 European countries, varying in gross domestic product (GDP) per capita. Our results indicate that the within-country correlations of income with LS and EWB decrease as GDP per capita increases. Partial correlations controlling for EWB are positive but do not vary with GDP per capita, whereas partial correlations controlling for LS vary inversely with GDP per capita. We hypothesise that the invariant income-LS relationships result from effects of relative income on social comparisons, while the varying income-EWB relationships result from the negative impacts of time scarcity in richer countries and the buffering of negative experiences in poorer ones.

Learning the value of money from stochastically varying prices.

In 3 experiments, the authors investigated learning of the value of money from product prices in an unfamiliar currency when the prices are proportional to quantity. In support of the second stage of a hypothesized 2-stage process of learning, Experiment 1, in which 32 undergraduates participated, shows that response times for inferences of quantity are longer when participants are presented with quantity-price pairs than when they are presented with price-quantity pairs. Experiments 2 and 3, in which 54 and 34 undergraduates participated, respectively, show that (a) stochastic price variation causes systematic errors in the learning of unit prices from quantity-price pairs as a result of judgmental regression effects and (b) in support of the 2-stage learning hypothesis, inferences of quantity are the inverse of the learned unit prices.

Equity, Equal Shares or Equal Final Outcomes? Group Goal Guides Allocations of Public Goods.

In an experiment we investigate preferences for allocation of a public good among group members who contributed unequally in providing the public good. Inducing the group goal of productivity resulted in preferences for equitable allocations, whereas inducing the group goals of harmony and social concern resulted in preferences for equal final outcomes. The study makes a contribution by simultaneously treating provision and allocation of a public good, thus viewing these as related processes. Another contribution is that a new paradigm is introduced that bears closer resemblance to real life public good dilemmas than previous research paradigms do.

Season and Weather Effects on Travel-Related Mood and Travel Satisfaction.

This study examines the effects of season and weather on mood (valence and activation) and travel satisfaction (measured by the Satisfaction with Travel Scale). Analyses are presented of 562 time-sampled morning commutes to work made by 363 randomly sampled people in three different Swedish cities asking them to use smartphones to report their mood in their home before and directly after the commutes. These reports as well as satisfaction with the commute obtained in summer and winter are linked to weather data and analyzed by means of fixed-effects regression analyses. The results reveal main effects of weather (temperature and precipitation) on mood and travel satisfaction (temperature, sunshine, precipitation, and wind speed). The effects of weather on mood and travel satisfaction differ depending on travel mode. Temperature leads to a more positive mood, wind leads to higher activation for public transport users, and sunshine leads to a more negative mood for cyclists and pedestrians. Sunshine and higher temperatures make travel more relaxed although not for cycling and walking, and rain and snow lead to a higher cognitive assessed quality of travel.

Current Mood vs. Recalled Impacts of Current Moods after Exposures to Sequences of Uncertain Monetary Outcomes.

Events in a sequence may each be evaluated as good or bad. We propose that such good-bad evaluations evoke emotional responses that change current mood. A model of recurrent updating of current mood is developed and compared to a model of how a sequence of events evoking emotional responses is evaluated retrospectively. In Experiment 1, 149 undergraduates are presented sequences of lottery outcomes with a fixed probability of losing or winning different amounts of money. Ratings of current mood are made after the sequence. Retrospective evaluations are either made after the ratings of current mood or, in a control condition, when no ratings of current mood are made. The results show an expected effect on current mood of the valence of the end of the sequence. The results are less clear in showing an expected beginning effect on the retrospective evaluations. An expected beginning effect on retrospective evaluations is found in Experiment 2 in which 41 undergraduates are first asked to remember the different amounts of money, then to evaluate the sequence as lottery outcomes.

Preference for negative emotions.

This research demonstrates that preference for emotions sometimes cannot be equated with a positive-negative valence dimension. Participants were asked to make choices between pairs of affect-inducing options opposite in valence but equal in activation. The results showed that in absence of contextual cues or situational constraints, choices followed a pleasure-maximizing principle. However, when information was provided about a context cueing appropriateness of certain emotions over others, a preference reversal was observed so that negative emotions were preferred over positive emotions. These results are discussed in relation to current theories of pleasure-maximizing choice and behavior.

Covariation neglect among novice investors.

In 4 experiments, undergraduates made hypothetical investment choices. In Experiment 1, participants paid more attention to the volatility of individual assets than to the volatility of aggregated portfolios. The results of Experiment 2 show that most participants diversified even when this increased risk because of covariation between the returns of individual assets. In Experiment 3, nearly half of those who seemingly attempted to minimize risk diversified even when this increased risk. These results indicate that novice investors neglect covariation when diversifying across investment alternatives. Experiment 4 established that naive diversification follows from motivation to minimize risk and showed that covariation neglect was not significantly reduced by informing participants about how covariation affects portfolio risk but was reduced by making participants systematically calculate aggregate returns for diversified portfolios. In order to counteract naive diversification, novice investors need to be better informed about the rationale underlying recommendations to diversify.

Prosocials prefer equal outcomes to maximizing joint outcomes.

Existing theories of social value orientations posit that prosocials maximize joint outcomes whereas proselfs maximize outcomes to themselves. Three studies employing a total of 157 undergraduates were conducted to test the alternative hypothesis that prosocials prefer equal outcomes to maximizing joint outcome. In study 1 participants completed the Triple-Dominance Measure of Social Values in which a fourth alternative that distributed the largest joint outcome unequally was added to the alternative that distributed the outcomes equally. In accordance with the hypothesis, prosocials preferred the equal-outcome alternative to the joint-outcome alternative. Study 2 confirmed and extended these results by demonstrating that prosocials preferred equal outcomes to larger joint outcomes that were unequally distributed but provided both with larger outcomes. Study 3 demonstrated that in a modified prisoner's dilemma game, a preference for equal outcomes to a larger joint outcome resulted in that prosocials cooperated when they believed or knew that the other cooperated, and defected when they believed or knew that the other defected.

Escalation of commitment with transparent future outcomes.

A frequent case of irrational decision making is the tendency to escalate commitment to a chosen course of action after unsuccessful prior investments of money, effort, or time (sunk costs). In previous research it is argued that escalation does not occur when future outcomes and alternative investments are transparent. Inconsistent with this argument, in an experiment in which undergraduates were presented fictitious investment problems with sunk costs, escalation was demonstrated when full information was given about investment alternatives and estimates of future returns. Thus, it is indicated that people may escalate despite knowing that it will not make them economically better off. A more comprehensive understanding of escalation requires disentangling people's noneconomic reasons for escalation.

Learning the value of a new currency from prices.

In European countries, field studies investigate how citizens acquire knowledge of the new currency, the euro. In 3 laboratory experiments, the authors recruited 168 undergraduates to examine whether such accurate knowledge is acquired from learning prices in the new currency. The results show fast learning of prices of duration of cellular phone calls (quantity) when the prices were proportional to quantity. Inferences of call duration from given prices were likewise found to be accurate. Lower accuracy was however observed for one-to-many mappings of quantity on price and the inverse one-to-many mappings of price on quantity. Price variation may be an important reason for the difficulty in learning the value of the new currency observed in field studies.

Impact of decision goal on escalation.

This research investigates the sunk-cost effect or escalation defined as the irrational tendency to choose to continue to invest money, time, or effort following unsuccessful investments. Building on previous research demonstrating a loss-sensitivity principle in sequential decision making, the hypothesis was proposed that a loss-minimization goal would lead to stronger effects of sunk outcomes (prior gains and losses) than would a gain-maximizing goal. The hypothesis was investigated in three experiments with undergraduates responding to investment decision scenarios. Although the tendency to continue investments was always larger for gain-maximizing than for loss-minimizing goal instructions, the sunk-outcome effect was stronger in the former case. However, when the decisions were personal and concerned lower stakes rather than business investments involving large amounts of money, the expected stronger effect of sunk outcomes was found for loss-minimizing goal instructions. Another finding was that the expected value was never ignored, thus suggesting that future research should focus on the joint effects of the expected value and sunk outcomes.

The dimensionality of anticipated affective reactions to risky and certain decision outcomes.

In three experiments, anticipated affective reactions to risky and certain decision outcomes were investigated. It was shown that the two affect dimensions, valence and activation, describe anticipated affective reactions. When combined in a nonlinear dimension ranging from elation to disappointment, the results were found to replicate previous research showing that anticipated affective reactions are influenced by both sign (loss or gain), magnitude, and probability of outcomes. Preference for the anticipated affective reactions was furthermore related to both affect dimensions.

Emotional well-being and time pressure.

We propose a conceptual model of how time pressure affects emotional well-being associated with mundane routine activities. A selective review of research in several areas affirms the plausibility of the conceptual model, which posits negative effects on emotional well-being of insufficient time allocated to restorative and other activities instrumental for attaining desirable work, family life, and leisure goals. Previous research also affirms that practicing time management can have indirect positive effects by decreasing time pressure, whereas material wealth can have both negative indirect effects and positive indirect effects by increasing and decreasing time pressure, respectively. Several issues remain to be studied empirically. The conceptual model is a ground for additional, preferably cross-cultural, research.

A happier and less sinister past, a more hedonistic and less fatalistic present and a more structured future: time perspective and well-being.

Background. Previous studies have established a link between how people relate to their past, present, and future (i.e., time perspective) and subjective well-being (i.e., life satisfaction, positive and negative affect). Time perspective comprises five dimensions: Past Positive, Past Negative, Present Hedonistic, Present Fatalistic, and Future. Life satisfaction can also be evaluated in relation to different time frames. Moreover, approach related positive affect is associated to a different concept of well-being labeled psychological well-being. In the present study we extend previous findings by investigating the effect of time perspective on the time frame of evaluations of life satisfaction (past, present, future) and by investigating the relationship between time perspective and psychological well-being. Method. Questionnaires on time perspective (Zimbardo's Time Perspective Inventory), temporal life satisfaction (Temporal Satisfaction with Life Scale), affect (Positive Affect and Negative Affect Schedule), and psychological well-being (Scales of Psychological Well-Being-short version) were answered by 453 individuals. Two different structural equation models were tested, one of the relationship between time perspective and temporal life satisfaction, and the other of the relationship between time perspective, affect and psychological well-being. Results. Time perspective affected life satisfaction depending on the time scale on which it was evaluated-memory of a negative past influenced life satisfaction in all time frames, and a positive view of the past influenced both past and future life satisfaction. Moreover, less rumination about past negative events (i.e., low score on Past Negative), the tendency to take risks in the present to achieve happy feelings and/or avoid boredom (i.e., high scores on Present Hedonistic), and a less hopeless and pessimistic view about the present (low scores on Present Fatalistic) were associated with higher levels of psychological well-being and positive affect. These same time perspective dimensions were associated with lower levels of negative affect. The Future time perspective dimension (i.e., approaching life with self-control, punctuality, and planning for the future) was associated with both psychological well-being and positive affect. Conclusions. High levels of both subjective and psychological well-being are related to a happier and a less sinister past, a more hedonistic and less fatalistic present, as well as to a more structured future.

Happiness and Satisfaction with Work Commute.

Research suggests that for many people happiness is being able to make the routines of everyday life work, such that positive feelings dominate over negative feelings resulting from daily hassles. In line with this, a survey of work commuters in the three largest urban areas of Sweden show that satisfaction with the work commute contributes to overall happiness. It is also found that feelings during the commutes are predominantly positive or neutral. Possible explanatory factors include desirable physical exercise from walking and biking, as well as that short commutes provide a buffer between the work and private spheres. For longer work commutes, social and entertainment activities either increase positive affects or counteract stress and boredom. Satisfaction with being employed in a recession may also spill over to positive experiences of work commutes. ELECTRONIC SUPPLEMENTARY MATERIAL: The online version of this article (doi:10.1007/s11205-012-0003-2) contains supplementary material, which is available to authorized users.

Validation of a Swedish short self-report measure of core affect.

This research aimed at validating two self-report composite rating scales of core affect that are useful when quick assessments are required, for instance, of current mood or recalled, anticipated, and experienced emotional reactions. The ratings were derived from the Swedish Core Affect Scales (SCAS) comprising six self-report rating scales of the two orthogonal dimensions of core affect, valence (unpleasantness-pleasantness) and activation (quietness-excitement). In three samples of university students who were requested to rate current moods, affect-inducing sounds, or affect-inducing pictures, the composite ratings were compared to SCAS, two widely used graphical rating scales of valence and activation, and skin conductance responses and the acceleratory peak of heart rate. Three different rating formats were also compared. The results showed that the composite ratings were reliable and yielded the expected correlations with the other ratings and with the physiological affect indicators. No effects of rating format were detected. It is concluded that the composite ratings of valence and activation may be used if quick assessments are called for. Choices can be made of any of three rating formats depending on purpose with the assessments.

Structural equation modeling of determinants of planning.

A model is proposed that implies that planning evoked by the formation of an implementation intention is related to behavioral intention and perceived behavioral control, whereas in accordance with the theory of planned behavior, behavioral intention is related to attitude and perceived behavioral control. Measures of attitude toward the behavior, perceived behavioral control, behavioral intention, and planning were constructed from 192 undergraduates' ratings of descriptions of two fictitious situations in which a target behavior was varied with respect to benefit and actual behavioral control. Structural equation modeling yielded an acceptable fit of the proposed model.

Preference for current mood, anticipated emotional reaction, and experienced emotional reaction.

Two experiments investigated how preference for emotions is related to valence and activation of current mood, anticipated emotional reaction, and experienced emotional reaction. In Experiment 1, 40 undergraduates on one occasion rated valence and activation of and preference for their emotional reaction to an aircraft noise, then on a later occasion rated valence and activation of and preference for their recalled or anticipated emotional reaction to the same aircraft noise. On both occasions they also rated valence and activation of current mood. In Experiment 2, another 40 undergraduates rated valence and activation of current mood followed by ratings of preference for and valence and activation of anticipated emotional reaction to descriptions of familiar emotion-eliciting situations. The results showed that preference is related to valence and activation of current mood, anticipated emotional reaction, or experienced emotional reaction. The valence of current mood was also found to influence preference for anticipated and experienced emotions.

The measurement of core affect: a Swedish self-report measure derived from the affect circumplex.

Three studies were conducted with the aim of developing a new Swedish self-report measure of core affect (the Swedish Core Affect Scale or SCAS). In Study 1,122 participants rated their current mood on 24 unipolar adjective scales. A revised set of 12 bipolar adjective scales was evaluated in Study 2 employing 96 participants who rated their current mood before and after a mood-inducing naturally occurring event. A slightly revised set of adjective scales was used in Study 3, in which another 96 participants rated several induced moods. The results showed that the adjective scale ratings could be aggregated as reliable measures of the independent valence and activation dimensions proposed in the affect circumplex, and that the aggregated measures discriminated mood differences within and between individuals.