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Costs and Benefits

Why happiness economics new method combining tools

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Unformatted text preview: sublimation. Set point theory: doesn’t matter what happens to you but you adapt back to your natural set point of cheerfulness. However there are some things that people cannot return from: long- term unemployment People in Afghanistan report to be as happy as Latin Americans, 20% more likely to smile in a day than Cubans. Kenyans are as satisfied with their health care as Americans are: This may be good on individual perspective, but on group perspective, may allow for collective tolerance of bad equilibrium. Why Happiness Economics? New method combining tools and methods of economists with those typically used by psychologists Method captures broader elements of welfare than do income data along How can you measure the welfare effect...
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