What do the happiness levels of individuals and local residents have in common with Google satellite map images? We take a look at this in the next episode of Network Effect.
A novel method for estimating the level of happiness in societies on the basis of satellite imagery data is discussed by Dr hab. Piotr Wójcik, assistant professor at the Faculty of Economics of the University of Warsaw, founder and animator of the Data Science Lab, answering questions from Dr. Justyna Pokojska about:
- the ways in which economics defines and measures the well-being of communities and individuals,
- measures that are standardly used to estimate «happiness» and their limitations, such that the measurement may not be sufficiently accurate,
- the challenges posed by the estimation of «soft» parameters,
- inspiration for the study of the level of happiness of societies based on data derived from satellite images,
- data and parameters used in a novel method,
- margin of discretion in constructing indicators with this method,
- areas where the team’s survey is more relevant than the measures used so far in economics,
- other potential applications can be found for space data and the parameters that can be estimated with them.