Sadly for the majority of us, money does appear to buy happiness http://econ.st/1lA0qez pic.twitter.com/AvJ4a828sy
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@fmu for methodologies that try to remove the subjective aspect in evaluating utility function of personal wealth, cf game theory papers
@deivudesu that would seem useful but i remember from econ phd studies not one (non-fringe) game theory paper considering a wealth effect...
@fmu never claimed there were easy methodologies to use instead, merely that this one was crappy :-)
@deivudesu the entire point of micro is to tease apart behavior into radically simplified models for analysis without "but also consider X"
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