"I think the word 'happiness' doesn’t mean all that much," argues Daniel Kahneman, "because it confounds satisfaction with life with mood. But more importantly, I think the word conveys a frivolous idea of what the social importance of it is."
In today's lesson, Samsun Knight follows Kahneman's critique. Knight explores what he says is undoubtably a promising field, which offers the "exciting fusion between economics and psychology." However, "as happiness metrics gain traction as a way to measure societal progress and direct government policy," Knight writes, "it's important to understand its limits and especially its dependence on implicit assumptions."