View stunning SlideShares in full-screen with the new iOS app!Introducing SlideShare for AndroidExplore all your favorite topics in the SlideShare appGet the SlideShare app to Save for Later — even offline
View stunning SlideShares in full-screen with the new Android app!View stunning SlideShares in full-screen with the new iOS app!
To see if we can use an adapted version of the Anchoring Vignette survey technique to measure happiness in a way that will offer elasticity values for the contributing factors of happiness as well as a a workable social utility function.
Positive : “Paul has a normal life and a very loving family. How happy is Paul?” 0___________________________________________________100 ||||||||||1|||||||||2||||||||||3||||||||||4|||||||||5|||||||||||6|||||||||||7|||||||||8||||||||||9|||||||||| Negative: “Kim has a normal life but has no family at all. How happy is Kim?” 0___________________________________________________100 ||||||||||1|||||||||2||||||||||3||||||||||4|||||||||5|||||||||||6|||||||||||7|||||||||8||||||||||9||||||||||
Finding Variable Elasticities % Chg Q % Chg P = % Chg Happiness = (High-Low)/ Low % Chg Variable = 100% Def Elasticity: The measure of the percentage change in one variable brought about by a 1% change in another variable. 0____________|____________________|__________________100 ||||||||||1|||||||||2||||||||||3||||||||||4||||||||||5|||||||||||6|||||||||||7||||||||||8||||||||||9|||||||||| Low Family =25, High Family =65 %Chg F = 1.6 E(H,F) = 1.6 / 1 = 1.6 Means that a 1% increase in Family will result in a 1.6% increase in overall happiness.
Marriage = M Intelligence = I Spirituality = S Family = F Wealth = W Volunteering = V Extroversion = X Aesthetics = A Job satisfaction = J J J A J X X J V X V J W X V W F F F F F F J A X V S F S J I X I I F S I M M M M M F M I M J A X V W F S I M