We use a simple version of the Psychological Expected Utility Model (Caplin and Leahy, QJE, 2001) to analyze the optimal choice of information accuracy by an individual who is concerned with anticipatory feeling. The individual faces the following trade-off: on the one hand information may lead...

Part I How can we know who is happy? Conceptual and methodological issues -- Objective happiness / Daniel Kahneman -- Ecological momentary assessment / Arthur A. Stone, Sual S. Shiffman, Marten W. DeVries -- Measurement issues in emotion research / Randy J. Larsen and Barbara L. Fredrickson --...