Skip to main content

View Diary: Going to a library for year makes the average British citizen as happy as a $2,282 raise says study (16 comments)

Comment Preferences

  •  Thanks Lib Deb FoP You explain it much better (3+ / 0-)
    Recommended by:
    FloridaSNMOM, Elizaveta, JBL55

    than the authors of this study, which was a little thin on explanation, IMO.

    "Seriously, Folks, WTH?" - ("What the Heck? "h/t Joan McCarter, Seriously, Florida. WTF?)

    by HoundDog on Thu Apr 24, 2014 at 08:04:22 AM PDT

    [ Parent ]

    •  Thanks (4+ / 0-)
      Recommended by:
      HoundDog, JBL55, Elizaveta, MPociask

      I think most people will be familiar with the idea of putting a value on personal wellbeing compared to pure financial gain.

      At the simplest level, many chose to spend time with their families even though it means they might miss out on overtime or advancement at work.

      Really all the British government is doing is to try to determine a means of objectively measuring the level of wellbeing to inform decisions. The departmental document is really a justification for the sorts of arguments about policy decisions that they will make we are familiar with in other non-financial considerations. Another example of this measuring of the almost intangible is looking at the environmental impact of proposals.

      Cost/benefit analyses are one way of countering the arguments of "bean counters" to cut services. It is though a double edged sword - in my example a very low attendance at the pool could provide a justification for its closure however a closer study may show extending the opening hours would flip the figure.

      "Come to Sochi, visit the gay clubs and play with the bears" - NOT a Russian advertising slogan.

      by Lib Dem FoP on Thu Apr 24, 2014 at 08:51:41 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site