Just how much can we trust the ‘quit job’ and ‘break-up’ outcomes? In the side that is plus

• This is certainly a nearly-experimental outcome (using the coin toss as sort of ‘intention to treat’).
• The specification is consequently easy and clear.
• The outcome are statistically significant and pass some robustness checks.
• the unmistakeable sign of the total result(positive) is plausible on its face, being explained by status-quo bias and risk-aversion. Nevertheless, the magnitudes are unexpectedly big, so much more likely than perhaps perhaps not the possibility overestimate.
• Levitt actively seeks indications of some types of bias ( e.g. individuals being inclined to overstate their joy once they obeyed the coin flip, or those whom benefitted through the modification being more prone to fill in follow-up studies) and discovers evidence that is little them.
• The findings are corroborated by i) survey reactions from buddies who additionally reported that the individuals whom changed their everyday lives really did appear happier, ii) the wider image of individuals making other changes that are important their life additionally being almost certainly going to report greater pleasure. Читать далее →