Subjective Well-Being and Social Media by Stefano M. Iacus, G... - 9781138393929

Subjective Well-Being and Social MediaAuthor(s): Stefano M. Iacus, Giuseppe Porro\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: CRC Press\nISBN-13: 9781138393929, 978-1138393929\nSynopsis\nSubjective Well-Being and Social Media shows how, by exploiting the unprecedented amount of information provided by the social networking sites, it is possible to build new composite indicators of subjective well-being. These new social media indicators are complementary to official statistics and surveys, whose data are collected at very low temporary and geographical resolution. The book also explains in full details how to solve the problem of selection bias coming from social media data. Mixing textual analysis, machine learning and time series analysis, the book also shows how to extract both the structural and the temporary components of subjective well-being. Cross-country analysis confirms that well-being is a complex phenomenon that is governed by macro.