hedonic value definition
Psychological or motivational hedonism claims that only pleasure or pain motivates us. In economics hedonic regression is a revealed preference method for estimating the monetary value of the characteristics of a good. Consumer Behavior Creating Value For Consumers Connected with feelings of pleasure. . Of relating to or characterized by pleasure. It breaks down the good or item being researched into its characteristics and obtains estimates of the monetary value contribution of each characteristic. The quality of a product that one might buy or the quality of a job one might take. Positive or rewarding regardless of immediate. The emotional pleasure generated can vary with every individual unlike in. It is most commonly applied to variations in housing prices that reflect the value of local environmental attributes. In a more general sense hedonic is related in its etymology to hedonism which is the searc...