The ‘well-being valuation method’ is a recently developed technique for valuing the effect, in monetary terms, of a health problem on an individual’s well-being. The method involves calculating the compensating variation necessary to maintain the same level… Read More »The well-being valuation approach: Solution or convolution?
Science minister David Willetts recently claimed that universities were responsible for picking up the slack in R&D following Pfizer’s run for the hills – in this writer’s opinion the first of many rats* to flee… Read More »Requiem for UK R&D
A couple of weeks ago when I was out shopping with a friend, after informing him that I had never bought a scratch card from the shop he persuaded me to buy one to tick… Read More »Does money really make you happy: An economic approach
I recently listened to a radio show that got me thinking about something, which, to my knowledge, has never been explored. We all know the famous phrase from the United States Declaration of Independence about… Read More »Life, liberty and the pursuit of unhappiness