The causal effect of a health treatment on beliefs, stated preferences and memories.

The paper estimates the causal effect of a health treatment on patients' beliefs, preferences and memories about the treatment. It exploits a natural experiment which occurred in the United Kingdom during the COVID-19 vaccination campaign. UK residents could choose to opt into the vaccination program, but not which vaccine they received.

Feeling Good Is Feeling Better.

Can people remember their past happiness? We analyzed data from four longitudinal surveys from the United States, France, the United Kingdom, and Germany spanning from the 1970s until the present, in which more than 60,000 adults were asked questions about their current and past life satisfaction. We uncovered systematic biases in recalled happiness: On average, people tended to overstate the improvement in their well-being over time and to understate their past happiness. But this aggregate figure hides a deep asymmetry: Whereas happy people recall the evolution of their life to be better than it was, unhappy ones tend to exaggerate their life's negative evolution.