money-1 - TodaysAgenda MeasuringHappiness EasterlinParadox...

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Measuring Happiness  Easterlin Paradox  Kahneman & Deaton’ s Partial Solution Affective forecasting errors Today’s Agenda
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Happiness  Very  much Not at  all Brickman et al. (1978) 1 1.5 2 2.5 3 3.5 4 4.5 5
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Twin study: Compared happiness ratings of  fraternal and identical twin pairs (many scales  including depression, etc)  Happiness of fraternal pairs unrelated  Happiness of identical pairs associated  (approximately  50% of variation) Genetic Components?
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Economists use financial indicators  Macro-level measures: GDP Micro-level measures: lifetime income Measuring Happiness              as Economic Well-being
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Gross National Happiness (GNH) was developed in  an attempt to define an indicator that measures  quality of life or social progress in more holistic  and psychological terms than gross domestic  product (GDP)
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Psychologists initially measured happiness using  questions  about global  life satisfaction Cantril Self-Anchored Life Evaluation Ladder “How happy are you with your life in general?” Global life satisfaction (Average= 6.75 on a 0-10 scale) Measuring Happiness as Overall Well-being  or Life Satisfaction
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20% 46% 27% 4% 2% 1% 0% Self-Reports Global Measures of Happiness
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Diener, E., Emmons, R., Larsen, J., & Griffin, S. (1985). Below are 
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