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Vaniver comments on Scott Sumner on Utility vs Happiness [Link] - Less Wrong Discussion
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The happiness-satisfaction split is an old one in happiness research, and it seems better to use "satisfaction" than "utility," because it's easier to imagine and care about. We can see why a billionaire might be more satisfied than a janitor, even if they both smile the same amount.
Good call. ISTM that "satisfaction" is a far better term for making the point intuitively compelling.