Paul Anand describes and evaluates many existing criticisms of the formal theory of rationality and subjective expected utility (SEU) theory. He tests the logical and philosophical basis for basing rational choice on SEU and argues that, empirically, SEU is false, and that normatively, it imposes unnecessary constraints on rational agency. He provides his own account of rational choice which is grounded in the relationship between an agent's preference and his or her behavior. In addition, he discusses some of the radical methodological changes in economics that form the basis for theoretical...

What is human happiness and how can we promote it?
These questions are central to human existence and Happiness Explained draws on scientific research from economics, psychology, and philosophy, as well as a range of other disciplines, to outline a new paradigm in which human flourishing plays a central role in the assessment of national and global progress. It shows why the traditional national income approach is limited as a measure of human wellbeing and demonstrates how the contributors to happiness, wellbeing, and quality of life can be measured and understood across the...