Yes, but not at all precisely. In 1881, the British economist Francis Edgeworth envisioned a "hedonimeter" that would measure economic utility by "continually registering the height of pleasure experienced by an individual."
Edgeworth was only engaging in conjecture, but in 2001, Brian Knutson, a Stanford University professor, arranged an experiment that would use functional magnetic resonance imaging (fMRI) to do just that. Knutson and his colleagues at the National Institutes of Health asked participants attached to a brain scanner to watch a screen as colored shapes appeared. He told them that if they pressed a button when certain shapes flashed onscreen, they would earn a cash reward. Other shapes offered no opportunity for "earning" money. All the participants later rated, on a four-point scale, how they felt when viewing different shapes and colors. They said that seeing the shapes associated with the reward made them happy—and their neural firing patterns agreed, with the fMRI displaying increased bloodflow to a brain region associated with reward.
In another experiment, subjects were told that they were drinking an expensive wine, and positive neural activity heightened. Then, drinking the same wine, subjects were told that it was an inexpensive brand. Their palates, and neurons, were fooled, and participants enjoyed the same wine less than before. So in some cases the fMRI could be seen as a reliable hedonimeter—though one with a very limited set of parameters.
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HOW FREAKY... In my economics class, we had a project that required making a company and a dynamic product. And for that product we designed a Utility Monitor. We just presented it today and received an A+. Just Crazy. for information about the project just google Jade Dynamics Presentation.... Crazy Coincidence.
Pleasure, enjoyment, satisfaction of the senses, consumerism have nothing to do with happiness. Some ‘researchers’ would want us to believe it due to the public’s weak vocabulary skills. ‘Happiness’ is directly linked to detachment and peace of mind, not to ‘buy and stuff yourself until you burst’. Thousands of years ago, those who had never gone to school or university called it ‘kingdom of heavens’ for that’s how they were able to perceive it.