Should income be taken for granted as a sole driver of welfare? Bayesian insight on the relevance of non-income drivers of welfare
Abstract: The paper consists of a discussion on the relevance of non-income drivers of welfare. This discussion is based on a subjective Bayesian reasoning, where welfare perceptions are subjectively rational decisions of individuals, who are, as author suggests, the ultimate decision-makers in resp...
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| Format: | Article |
| Language: | English |
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Sciendo
2018-03-01
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| Series: | International Journal of Management and Economics |
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| Online Access: | https://doi.org/10.2478/ijme-2018-0006 |