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Happiness QuantifiedA Satisfaction Calculus Approach$
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Bernard M. S. van Praag and Ada Ferrer-i-Carbonell

Print publication date: 2007

Print ISBN-13: 9780199226146

Published to Oxford Scholarship Online: May 2008

DOI: 10.1093/acprof:oso/9780199226146.001.0001

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(p.332) 17 Epilogue
Happiness Quantified

Bernard Van Praag

Oxford University Press

This chapter synthesizes the findings presented in the book. It highlights the success in developing a methodology that can analyse satisfaction along the lines similar to those used by econometricians to analyse ‘objective’ variables. Future research should focus on developing methods that can estimate decision-utility functions for other domains. The relevance of the neoclassical equilibrium assumption is put into question. In line with the multi-disciplinary content of this text, the book stress the need for strengthening the collaboration with the sister disciplines.

Keywords:   satisfaction, decision-utility function, neoclassical equilibrium, social science, economics

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