Table 10 Estimated emotional wellbeing function, maximum and minimum satisfaction using the World Happiness Score from the Gallup World Poll.

From: On the weighting of homo economicus and homo virtus in human behaviour

 

Maximum satisfaction function (upper envelope)

Minimum satisfaction function (lower envelope)

Emotional well-being function

All countries

0.933Ln(w) – 5.306

0.933Ln(w) – 5.440

−5.373 + 0.933Ln(w) + 0.067Sin(πw)

Europe

0.984Ln(w) – 7.636

0.984Ln(w) – 7.668

−7.652 + 0.984Ln(w) + 0.016Sin(πw)

OECD

0.991Ln(w) – 9.972

0.991Ln(w) – 9.990

−9.981 + 0.991Ln(w) + 0.009Sin(πw)

Developing countries (IMF)

0.839Ln(w) – 4.509

0.839Ln(w) – 4.831

−4.670 + 0.839Ln(w) + 0.161Sin(πw)

  1. Note: upper and lower envelope functions computed based on Parada-Daza and Parada-Contzen (2013b).