I have been giving an assignment in my uni on "Luxury Behaviour and Hadonic Consumption" but I dont even know the meaning of that word the menaning i am getting from the dictionary are not getting fit in the sentence. Can any body please help me out and tell me the meaning of this word in the right context.
2007-03-10 22:21:42 · 3 answers · asked by Anonymous in Society & Culture ➔ Languages
Hedonic means of or relating to utility. (Literally, pleasure-related.) A hedonic econometric model is one where the independent variables are related to quality; e.g. the quality of a product that one might buy or the quality of a job one might take.
A hedonic model of wages might correspond to the idea that there are compensating differentials -- that workers would get higher wages for jobs that were more unpleasant.
It might be useful to know the term "hedonic treadmill" i.e.the tendency for a person's economic expectations and desires to rise at the same rate as his or her income, resulting in no net gain of satisfaction or happiness.
2007-03-10 22:59:55 · answer #1 · answered by Doethineb 7 · 0⤊ 1⤋
Sounds like your uni instructor is illiterate (or a bad typist). I'm sure s/he meant "hedonic", which is related to hedonism: http://dictionary.reference.com/browse/hedonism
That should work.
2007-03-11 06:25:46 · answer #2 · answered by Anonymous · 1⤊ 0⤋
it is ..H..E..D..O..N..I..C. ..and not hadonic....! why dont you go to ....Answer.com....its very useful...I really appreciate their work.
2007-03-11 08:39:21 · answer #3 · answered by 2bros 3 · 0⤊ 1⤋