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Questions and Answers
What did Kahneman and Deaton's study report regarding the relationship between income and happiness?
What did Kahneman and Deaton's study report regarding the relationship between income and happiness?
- Happiness decreased steadily with log(income) up to a threshold and then plateaued.
- Happiness fluctuated randomly as income levels changed.
- Happiness remained constant regardless of income levels.
- Happiness increased steadily with log(income) up to a threshold and then plateaued. (correct)
What pattern did Killingsworth's study observe in relation to income and happiness?
What pattern did Killingsworth's study observe in relation to income and happiness?
- A U-shaped pattern where happiness was lowest at low and high income levels.
- A linear-log pattern where average happiness rose consistently with log(income). (correct)
- An exponential growth pattern where happiness increased exponentially with income.
- A sinusoidal pattern where happiness peaked at moderate income levels.
What did the reanalysis of Killingsworth's data confirm about the relationship between income and happiness?
What did the reanalysis of Killingsworth's data confirm about the relationship between income and happiness?
- Happiness increases steadily with log(income) only among unhappy people. (correct)
- Happiness increases with income without any relationship to log transformation.
- Happiness increases steadily with log(income) for all individuals.
- Happiness remains constant at all income levels.
What was the outcome of the adversarial collaboration between Killingsworth and Kahneman?
What was the outcome of the adversarial collaboration between Killingsworth and Kahneman?
Which group showed an acceleration in happiness with increasing log(income)?
Which group showed an acceleration in happiness with increasing log(income)?
Which term best describes the overall relationship between income and happiness according to the text?
Which term best describes the overall relationship between income and happiness according to the text?
What distinguishes Killingsworth's study from Kahneman and Deaton's study in terms of methodology?
What distinguishes Killingsworth's study from Kahneman and Deaton's study in terms of methodology?
What did the reanalysis of Killingsworth’s experienced sampling data confirm about happiness levels?
What did the reanalysis of Killingsworth’s experienced sampling data confirm about happiness levels?
What did Killingsworth's study observe about the relationship between income and happiness for different groups?
What did Killingsworth's study observe about the relationship between income and happiness for different groups?
What was the key finding of the adversarial collaboration between Killingsworth and Kahneman?
What was the key finding of the adversarial collaboration between Killingsworth and Kahneman?
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