Bernard Van Praag

in Happiness Quantified

Published in print December 2007 | ISBN: 9780199226146
Published online May 2008 | e-ISBN: 9780191718595 | DOI:

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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

Chapter.  2175 words. 

Subjects: Economics

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