Hedonimetry is the study of happiness as a measurable
economic
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the ...
asset. The first major work in the field was an 1881 publication of ''Mathematical Psychics'' by the famous statistician and economist
Francis Ysidro Edgeworth
Francis Ysidro Edgeworth (8 February 1845 – 13 February 1926) was an Anglo-Irish philosopher and political economist who made significant contributions to the methods of statistics during the 1880s. From 1891 onward, he was appointed th ...
, who hypothesized a way of measuring happiness in units.
[Edgeworth, F. Y. (1881): ''Mathematical Psychics'', Kegan Paul, Londo]
/ref> In recent times, it has been applied to many areas, including consumer behavior and health care.
See also
* Hedonometer
A hedonometer or hedonimeter is a device used to gauge happiness or pleasure. Conceived of at least as early as 1880, the term was used in 1881 by the economist Francis Ysidro Edgeworth to describe "an ideally perfect instrument, a psychophysical ...
References
Utility
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