Comparing Interpersonal Comparisons in Utility Theory and Happiness Research
AbstractSocial scientists are reluctant to make explicit interpersonal comparisons of well-being. However, implicit comparisons are made on a surprisingly regular basis. These comparisons are based on the wealth and the Kaldor--Hicks concept in utility theory and on self-reported well-being in happiness research. Taking a utilitarian stance, this paper tests the ethical foundations of both principles. While self-reported well-being serves as an acceptable proxy for utilitarian decision-making, the Kaldor--Hicks concept does not appear so. Implications for evaluating policies are outlined.
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Bibliographic InfoArticle provided by Springer in its journal Forum for Social Economics.
Volume (Year): 36 (2007)
Issue (Month): 1 (April)
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Web page: http://www.springer.com/economics/journal/12143
Other versions of this item:
- Stefan Mann, 2007. "Comparing Interpersonal Comparisons in Utility Theory and Happiness Research," Forum for Social Economics, Taylor and Francis Journals, vol. 36(1), pages 29-42, January.
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