Application of the Free Tangent Law in Quantification of Household Satisfaction from Durable Consumer Goods |
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| Authors: | Wiktor Ejsmont Marek Biernacki |
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| Affiliation: | 1.Mathematical Institute, University of Wroclaw, pl. Grunwaldzki 2/4, 50-384 Wroclaw, Poland;2.Department of Mathematics and Cybernetics, Wroclaw University of Economics and Business, Komandorskast. 118/120, 53-345 Wrocław, Poland; |
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| Abstract: | This paper presents a postulate for a new approach in the measurement of households’ satisfaction from durable consumer goods, based on a modified inflation expectation measurement method used in survey research. The authors examine the application of a three-step qualitative evaluation, followed by the quantification of responses using a modified Carlson and Parkin method adopted in the context of the free tangent law. |
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| Keywords: | the free tangent law subjective wellbeing durable goods |
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