In microeconomics, happiness is measured by a concept called utility. The standard unit of measurement that microeconomics uses to measure utility is called the util. (To learn more, see: Economics Basics: Utility.)
Basically when I shop and see something that I like, I think about whether or not I like it enough for the price. Like I've been wanting a giant stuffed animal, but never $40 liked them. I finally found a $40 animal marked down to $15 and while it's not a rainbow horsey, I still love it more than what I paid for it. (I was actually carrying around a brown horse that I barely $15 loved and then I found the $15 elephant that I $20 love.)
December 23, 2018 at 02:41PM
