Table 3. Tradeoff Estimates: Choice vs. Anticipated SWB.

	(1) Choice	(2) Happiness during residency	(3) Life satisfaction during residency	(4) Ladder	(5) 4-period-happiness index	(6) 3-SWB-measure index	(7) 6-SWB-question index
Residency prestige and status	1.4*** (0.2)	0.0 (0.2)	0.4* (0.2)	0.4** (0.2)	0.2 (0.3)	0.4** (0.2)	0.5** (0.2)
Social life during residency	0.8*** (0.2)	2.0*** (0.2)	1.5*** (0.2)	1.6*** (0.2)	1.7*** (0.3)	1.7*** (0.2)	1.6*** (0.2)
Desirability of location	0.9*** (0.1)	0.3* (0.2)	1.0*** (0.1)	0.9*** (0.1)	0.3* (0.2)	0.9*** (0.1)	0.7*** (0.1)
Anxiety during residency	-0.1 (0.2)	-0.8*** (0.2)	-0.3 (0.2)	-0.4** (0.2)	-1.1*** (0.2)	-0.4*** (0.2)	-0.6*** (0.2)
Worthwhile life during residency	2.4*** (0.2)	3.9*** (0.3)	3.9*** (0.3)	3.2*** (0.3)	3.7*** (0.4)	3.1*** (0.2)	3.2*** (0.3)
Stress during residency	-0.1 (0.2)	-0.6*** (0.2)	-0.4** (0.2)	-0.3* (0.2)	0.3 (0.3)	-0.3** (0.2)	0.0 (0.2)
Future career prospects	1.7*** (0.3)	0.5* (0.3)	1.0*** (0.3)	1.5*** (0.3)	0.8** (0.4)	1.3*** (0.2)	1.3*** (0.3)
Control over life	0.2 (0.2)	0.5*** (0.2)	0.2 (0.2)	0.2 (0.2)	0.6** (0.3)	0.2 (0.1)	0.7*** (0.2)
Desirable for significant other	1.4*** (0.1)	0.3* (0.2)	0.4*** (0.1)	0.5*** (0.1)	0.2 (0.2)	0.6*** (0.1)	0.4*** (0.1)
# Observations	2169	2167	2169	2168	1591	2166	1590
# Students	557	557	557	557	540	557	540
Joint significance of differences with choice coefficients		0.000	0.000	0.000	0.000	0.000	0.000

Notes: Delta-method standard errors in parentheses. Entries are coefficients from Table 2, normalized by taking their ratio to the average absolute value of the nine coefficients in their Table 2 column. Joint significance of the differences with choice entries (bottom row): p-value from a Wald test of the joint equality of all entries in the column with all entries in the choice column.

^*p < .1,

^**p < .05,

^***p < .01