George Loewenstein and Molnar suggest that the concept of belief utility implies that our beliefs can possess a subjective value that contributes to personal happiness.
The idea of "utility" in economics emphasizes that happiness is not just a static state, but also a dynamic process that involves choices motivated by individual desires.
Adam Smith's skepticism towards motivated reasoning highlights that true contentment is rooted in achievable, objective measures, such as health, financial stability, and moral clarity.
The distinction between "happiness" and "utility" is significant; while happiness can simply be an experience, utility is tied to actions and decision-making in pursuit of that happiness.
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