This book is a welcome consolidation and extension of the recent expanding debates on happiness and economics. Happiness and economics, as a new field for research, is now of pivotal interest particularly to welfare economists and psychologists. This Handbook provides an unprecedented forum for...

The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. However, numerous examples have revealed the deficiencies of the concept. This book helps to overcome those deficiencies by taking into account insensitivity of measurement...

Value -- The economics of the individual -- Fundamental theorem of the transformation of any given number of goods -- Final degree of utility of instrumental goods -- Cases where the final degree of utility of money is approximately constant -- Relationship between the final degree of utility of...