Researching happiness: Reply to Wilson
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Wilson's comments on The Market Experience are deficient for at least three reasons. First, his lack of knowledge regarding subjective well‐being deprives him of an adequate frame of reference from which to evaluate my work. Second, he fails to appreciate that a theory may legitimately draw upon more than one explanatory factor. Third, Wilson apparently did not read the entire book.
[1] James F. Wilson. Wealth and happiness , 1994 .
[2] R. Lane. The market experience , 1991 .