---

• s  devoted to pleasure
  a hedonic thrill

• The reason is a pair of forces known as hedonic adaptation and social comparison.
• They expend their energies formalizing the obvious ("Although other sensations have various degrees of hedonic tone," says one textbook, "pain is notoriously unpleasant").

• hedonistic
• epicurean

News & Articles

---

• Housing Starts, Permits, CPI All Miss
  Following last week's jump in headline PPI some expected a reversal in the recent trend of BLS-measured disinflation. No such luck: moments ago the BLS reported that according to its hedonic adjustments, May headline consumer price inflation rose by 0.1%, below expectations of a 0.2% increase, and up 1.4% from the prior year. Alternatively, core CPI, excluding food and energy rose by 0.2% in ...
  June 18, 2013 - Zero Hedge

Quotes

---

• Ernst Fehr in BusinessWeek
  There is a hedonic force behind the punishment,says Fehr.