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hedonic damages
Hedonic Damages, an economic term of art, refers to loss of enjoyment of life damages, the intangible value of life, as distinct from the human capital value or lost earnings value.
== History ==
Andrew Horwitz first coined the term "hedonic damages" in the case of ''Sherrod v. Berry'', 827 F.2d 195 (7th Cir. 1987).〔Jacoby, Tamar. ''NEWSWEEK,'' Feb. 1989: 61.〕 Stan V. Smith (economist) testified as an expert witness in regards to the amount of the hedonic award, the first such testimony proffered nationwide.〔Webb, Trent. ''Hedonic Damages: An Alternative Approach.'' 61 UMKC Law Review: 121 (1992)〕 It has since been in widespread use in subsequent legal decisions, in law review articles, and in law and economics articles nationwide. See for example Professon Cass Sunstein's University of Chicago Law & Economics, Olin Working Paper No. 340, July 2007. Such testimony has been admitted in state and federal court hundreds of times nationwide, increasingly gaining acceptance over the past decade, since 2000. Smith has published numerous peer-reviewed Journal articles on hedonic damages including research completed for his dissertation supervised by Nobel Laureate Gary Becker. Becker and his blog colleague Federal Appellate Judge Richard Posner both advocated the use of economic literature on the value of life in litigation.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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