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Utility Maximisation as a Pathway for Maximisation of Happiness

11 Pages Posted: 4 Apr 2012  

Siddhartha Mitra

Jadavpur University - Department of Economics

Date Written: April 2, 2012

Abstract

It is hypothesized that pursuit of human happiness is carried out through adaptive change in utility functions by noting in an ex-post manner the effect of short run utility maximizing choices on utility possibilities and incorporating the lessons drawn in evolving utility functions more suited to the mentioned pursuit. A reference frame for future research is designed to check the truth of this hypothesis which would draw on the methodology already in use for conducting happiness surveys.

Keywords: utility maximisation, happiness, evolution, positive psychology

JEL Classification: C90, C91, I30

Suggested Citation

Mitra, Siddhartha, Utility Maximisation as a Pathway for Maximisation of Happiness (April 2, 2012). Available at SSRN: https://ssrn.com/abstract=2033486 or http://dx.doi.org/10.2139/ssrn.2033486

Siddhartha Mitra (Contact Author)

Jadavpur University - Department of Economics ( email )

Kolkata, 700032
India

HOME PAGE: http://www.jaduniv.edu.in/profile.php?uid=977

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