Reader in Behavioural Economics
The Olympic Games, while globally celebrated, often bring into question the true economic benefits of hosting such grand events. Our latest research insights brief measures the intangible impact of the London 2012 Olympics using subjective well-being data to assess whether they justify the substantial costs involved. This brief aims to provide a comprehensive understanding of the short-lived happiness boost experienced by host city residents and its implications for future hosting decisions.
This brief is aimed at a broad audience, including:
“Given the temporary nature of the boost to subjective wellbeing we found in London 2012, it raises the question: is hosting major sports events such as the Olympics the best use of public money? Perhaps these scarce resources would be better spent on interventions with a more lasting effect on other sources of wellbeing, for example, in the areas of health, education or improved transport to reduce commuting times.”— Dr Georgios Kavetsos
Dr Georgios Kavetsos
Georgios Kavetsos has a PhD in Economics from Imperial College Business School, specialising in behavioural science. With a keen focus on subjective wellbeing, his research delves into the impact preferences and policy interventions have on welfare.
Be the next author
Are you an academic at the School of Business and Management and want to share your research insights in a brief? Email Dr Elena Doldor, Research Impact & Engagement Director, at e.r.doldor@qmul.ac.uk.