Chapter

Testing Theories of Happiness

Bruno S. Frey and Alois Stutzer

in Economics and Happiness

Published in print December 2005 | ISBN: 9780199286287
Published online February 2006 | e-ISBN: 9780191603006 | DOI: http://dx.doi.org/10.1093/0199286280.003.0005
 						Testing Theories of Happiness

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Latter-day researches based on reported subjective well-being have improved the understanding of utility. The concept of utility has acquired a psychological content, and has proved to be operational in researches on income, unemployment, inflation, inequality, and democratic institutions in their relations with happiness. The authors plead for fostering happiness researches, and give examples in which happiness researches shed light on rational choice and on policy issues.

Keywords: utility; rationality; well-being

Chapter.  11405 words.  Illustrated.

Subjects: Economics

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