This Note examines the neoclassical economic framework that pervades contemporary benefit-cost analysis and considers how the fields of behavioral economics and hedonic adaptation may offer superior tools for assessing how regulations impact human behavior. These new hedonic metrics attempt to quantify happiness - rather than monetize utility - and measure how outcomes influence well-being and affect. Through the evaluation of three case studies, this Note considers the flaws of the current approach and how hedonic metrics can supplement prevailing techniques to address these shortcomings. Finally, this Note assesses the legal regimes that govern how courts review agency decisionmaking and suggests that the failure to incorporate hedonic metrics may render agency actions vulnerable to c...
Talk about a coincidence. The same day University of Kansas athletic director Lew Perkins resigned last week, the Los Angeles Times distributed a story suggesting there's a precise point where money buys happiness.
In the movie, Mr. [Chris Gardner] was portrayed as a man determined to be happy regardless of his current circumstance or situation. As long as he had his son by his side, he was happy. Not satisfied, mind you, but happy. It didn't matter what Mr. Gardner's current financial outlook was. It didn't matter that he didn't have the Beverly Hills 90210 zip code. He understood that these were merely things and that his external situation could change in a flash. More importantly, he understood that happiness was an internal function - an affair of the heart - that was squarely within his control. Mr. Gardner's wife, Linda, (played by Thandi Newton), on the other hand, was portrayed as very unhappy. She made up her mind that she wasn't going to be happy until her husband made more money, paid ...
Chrisetta Mosley, age 9. ---
This paper uses cross country regression analysis to test the proposition that while the improvement in the standard of living brought about by economic growth and development is favorable to a country's happiness, the process, economic growth and development itself, is negatively related to a country's happiness. Using survey based measures of country happiness, and looking at a sample of sixty five countries, the empirical evidence of this paper tends to lend to support for the hypothesis.
Jesus promised his followers unending happiness in this life and the next. Thomas Jefferson wrote in the Declaration of Independence that all men (the definition was later informally expanded to include women) were entitled to the right to pursue happiness. He stopped short of guaranteeing they would succeed in finding it. Now Derek Bok, for two decades president of Harvard, one of the most experienced and impressive public policy minds in the past generation of American higher education, writes that the supply of happiness should be as much a government goal as the provision of health care.
The Happiness Project" has spent 23 weeks on the New York Times best-seller list, and for some of those weeks it has been No. 1. Gretchen Rubin is a young mother and career woman who once clerked for Supreme Court Justice Sandra Day O'Connor. On the back cover of her book she says that on one rainy New York afternoon she had an epiphany. "The days are long, but the years are short" was the phrase that spurred her to start to focus more of her time and energy on things that really matter and, she realized, make her happier. "The Happiness Project" is a month-by-month account of her year of change.
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