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Luis Rayo

Biographic Data

ID5867510
NAMELuis Rayo
GIVEN NAMESLuis
FAMILY NAMERayo
SIGNATURERAYO L
AFFILIATIONSUniversity of Chicago
ORCID0000-0003-4429-7398
VERIFIEDYes
TOTAL WORKS1
TOTAL CITATIONS34
AUTHOR COUNT1
EDITOR COUNT0
FIRST PUBLICATION YEAR2007
LATEST PUBLICATION YEAR2007
H-INDEX1
  • Evolutionary Efficiency and Happiness

    Luis Rayo, Gary S Becker•ARTICLE•Journal of Political Economy•2007•Cited by: 34•References: 3

    We model happiness as a measurement tool used to rank alternative actions. Evolution favors a happiness function that measures the individualâ€TMs success in relative terms. The optimal function is based on a time-varying reference point—or performance benchmark—that is updated over time in a statistically optimal way in order to match the individualâ€TMs potential. Habits and peer comparisons arise as special cases of such an updating process. T…

  • Evolutionary Efficiency and Happiness

    Luis Rayo, Gary S Becker•ARTICLE•Journal of Political Economy•2007•Cited by: 34•References: 3

    We model happiness as a measurement tool used to rank alternative actions. Evolution favors a happiness function that measures the individualâ€TMs success in relative terms. The optimal function is based on a time-varying reference point—or performance benchmark—that is updated over time in a statistically optimal way in order to match the individualâ€TMs potential. Habits and peer comparisons arise as special cases of such an updating process. T…

  • Evolutionary Efficiency and Happiness

    Luis Rayo, Gary S Becker•ARTICLE•Journal of Political Economy•2007•Cited by: 34•References: 3

    We model happiness as a measurement tool used to rank alternative actions. Evolution favors a happiness function that measures the individualâ€TMs success in relative terms. The optimal function is based on a time-varying reference point—or performance benchmark—that is updated over time in a statistically optimal way in order to match the individualâ€TMs potential. Habits and peer comparisons arise as special cases of such an updating process. T…

Agency (philosophy (1 works) · Benchmark (surveying (1 works) · Computer Science (1 works) · Decision-Making and Behavioral Economics (1 works) · Econometrics (1 works) · Economic theories and models (1 works) · Economics (1 works) · Experimental Behavioral Economics Studies (1 works) · Function (biology (1 works) · Geography (1 works)

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