Metrics Of Happiness
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The document discusses using anchoring vignette surveys to measure subjective well-being or happiness in a way that accounts for biases. It proposes using vignettes that describe people in different life situations on a scale to determine how factors like family, marriage, and wealth impact happiness. Respondents would rate how happy the people in the vignettes seem. This would allow researchers to calculate elasticities for how changes in factors influence happiness and develop a happiness function to estimate real happiness levels. The results could help prioritize policies and programs to maximize subjective well-being.
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Introduction to objective, scope and outcome the subject
Chapter 2
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- 1. - Jeff Frank M.S. Candidate Community Development and Applied Economics University of Vermont The Metrics of Happiness: Assessing Subjective Well-Being using Anchoring Vignette Surveys
- 8. 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.