Hedonimetry
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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]
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