{"id":54485,"date":"2025-03-12T16:32:00","date_gmt":"2025-03-12T11:32:00","guid":{"rendered":"https:\/\/mnu.kz\/?post_type=news&p=54485"},"modified":"2026-10-20T16:34:05","modified_gmt":"2026-10-20T11:34:05","slug":"research-webinar-with-mr-donato-pierno-phd-candidate","status":"publish","type":"news","link":"https:\/\/mnu.kz\/en\/news\/research-webinar-with-mr-donato-pierno-phd-candidate\/","title":{"rendered":"Research Webinar with Mr. Donato Pierno (PhD candidate)"},"content":{"rendered":"\n

Public events (lifelong learning)
Research Webinar with Mr. Donato Pierno (PhD candidate)<\/em><\/strong><\/p>\n\n\n\n

\u0422opic: \u201cDoes Life Satisfaction Predict Economic Preferences? Evidence from Cross-Sectional Data\u201d<\/p>\n\n\n\n

March 12, 2025<\/p>\n\n\n\n

Abstract: This paper investigates the effect of subjective well-being (SWB) on economic preferences by employing the Gallup World Poll and Global Preference Survey. First, by means of the LASSO \u201cLeast Absolute Shrinkage and Selection Operator,\u201d a regularized regression model, this paper presents evidence that life satisfaction is selected as an explanatory variable for patience, risk, negative reciprocity, altruism, and trust. Second, in order to assess the magnitude and statistical significance along with robust clustered standard errors, this study performs a variable selection process with a post-double-selection approach. The estimated coefficients are statistically significant, with a positive coefficient for patience and risk-taking, a positive and increasing effect exerted by SWB on altruistic behavior and negative reciprocity, and finally, a negative effect observed with respect to trust.<\/p>\n\n\n\n

Instagram<\/a> <\/p>\n\n\n\n

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\"\"<\/figure>\n<\/figure>\n","protected":false},"featured_media":54486,"template":"","news-cat":[66,481],"news_tag":[],"acf":[],"yoast_head":"\nResearch Webinar with Mr. Donato Pierno (PhD candidate) - MNU<\/title>\n<meta name=\"description\" content=\""Public events (lifelong learning) Research Webinar with Mr. Donato Pierno (PhD candidate) \u0422opic: \u201cDoes Life Satisfaction Predict Economic Preferences? Evidence from Cross-Sectional Data\u201dMarch 12, 2025Abstract: This paper investigates the effect of subjective well-being (SWB) on economic preferences by employing the Gallup World Poll and Global Preference Survey. First, by means of the LASSO \u201cLeast Absolute Shrinkage and Selection Operator,\u201d a regularized regression model, this paper presents evidence that life satisfaction is selected as an explanatory variable for patience, risk, negative reciprocity, altruism, and trust. Second, in order to assess the magnitude and statistical significance along with robust clustered standard errors, this study performs a variable selection process with a post-double-selection approach. The estimated coefficients are statistically significant, with a positive coefficient for patience and risk-taking, a positive and increasing effect exerted by SWB on altruistic behavior and negative reciprocity, and finally, a negative effect observed with respect to trust."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mnu.kz\/en\/news\/research-webinar-with-mr-donato-pierno-phd-candidate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Research Webinar with Mr. Donato Pierno (PhD candidate) - MNU\" \/>\n<meta property=\"og:description\" content=\""Public events (lifelong learning) Research Webinar with Mr. Donato Pierno (PhD candidate) \u0422opic: \u201cDoes Life Satisfaction Predict Economic Preferences? Evidence from Cross-Sectional Data\u201dMarch 12, 2025Abstract: This paper investigates the effect of subjective well-being (SWB) on economic preferences by employing the Gallup World Poll and Global Preference Survey. First, by means of the LASSO \u201cLeast Absolute Shrinkage and Selection Operator,\u201d a regularized regression model, this paper presents evidence that life satisfaction is selected as an explanatory variable for patience, risk, negative reciprocity, altruism, and trust. Second, in order to assess the magnitude and statistical significance along with robust clustered standard errors, this study performs a variable selection process with a post-double-selection approach. 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