noun
- the branch of psychology or philosophy that studies pleasure, pain, and the pursuit of happiness
- in economics, the study of how consumers value goods and services based on the pleasure or satisfaction they provide
Usage: academic; often used in plural form
Usage: technical; economics
Examples
- The professor's research in hedonics explores how people make decisions based on pleasure and pain.
- Hedonics helps economists understand consumer preferences and pricing strategies.
- Modern hedonics examines the relationship between well-being and material possessions.
- The study of hedonics reveals that happiness is not solely determined by wealth.
- Hedonic pricing models in real estate use hedonics to value property features.