The New Science of Pleasure

Daniel L. McFadden

NBER Working Paper No. 18687
Issued in January 2013

---- Acknowledgements -----

An initial version of this paper was presented as the Frisch Lecture, Econometric Society World Congress, London, 2005. This research was supported by the E. Morris Cox endowment at the University of California, Berkeley, and by the National Institute on Aging of the National Institutes of Health, grants P01AG005842, P01AG033559, and RC4AG039036. I am indebted to Sam Bowles, Colin Camerer, John Dagsvik, Ernst Fehr, Mogens Fosgerau, James Heckman, Danny Kahneman, David Laibson, Charles Manski, Rosa Matzkin, and Joachim Winter for useful comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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