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

Print publication date: 2004

Print ISBN-13: 9780198286547

Published to Oxford Scholarship Online: January 2005

DOI: 10.1093/0198286546.001.0001

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(p.318) 16 Epilogue
Happiness Quantified

Bernard Van Praag

Oxford University Press

This chapter synthesises 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, and the importance of collaborating with sister disciplines.

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

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