Hedonimetry is the study of happiness as a measurable economic asset. The first major work in the field was an 1881 publication of Mathematical Psychics by the famous statistician and economist Francis Ysidro Edgeworth, who hypothesized a way of measuring happiness in units.[1] In recent times, it has been applied to many areas, including consumer behavior and health care.[citation needed]

See also edit

References edit

  1. ^ Edgeworth, F. Y. (1881): Mathematical Psychics, Kegan Paul, London.[1]