Hedonomics: Bridging Decision Research with Happiness Research

Perspectives on Psychological Science, Vol. 3, No. 3, pp. 224-243, 2008

20 Pages Posted: 23 May 2008 Last revised: 3 Nov 2008

Christopher K. Hsee

University of Chicago - Booth School of Business

Reid Hastie

University of Chicago - Booth School of Business

Jingqiu Chen

Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management

Abstract

One way to increase happiness is to increase the objective levels of external outcomes; another is to improve the presentation and choices among external outcomes without increasing their objective levels. Economists focus on the 1st method. We advocate the second, which we call hedonomics. Hedonomics studies (a) relationships between presentations (how a given set of mfoutcomes are arranged among themselves or relative to other outcomes) and happiness and (b) relationships between choice (which option among alternative options one chooses) and happiness.

Keywords: happiness, subjective well-being, behavior decision research, hedonomics, evaluability

JEL Classification: D81, D11, D12, D91

Suggested Citation

Hsee, Christopher K. and Hastie, Reid and Chen, Jingqiu, Hedonomics: Bridging Decision Research with Happiness Research. Perspectives on Psychological Science, Vol. 3, No. 3, pp. 224-243, 2008. Available at SSRN: https://ssrn.com/abstract=1134403

Christopher K. Hsee (Contact Author)

University of Chicago - Booth School of Business ( email )

5807 S. Woodlawn Avenue
Chicago, IL 60637
United States

Reid Hastie

University of Chicago - Booth School of Business ( email )

5807 S. Woodlawn Avenue
Chicago, IL 60637
United States

Jingqiu Chen

Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management ( email )

No.535 Fahuazhen Road
Shanghai Jiao Tong University
Shanghai, Shanghai 200052
China

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