Chapter 1
Interpreting the Results
Throughout the analysis we start from the huge variation
in well- being in the population. This is large even within
one country, and wider still across the whole human race.^2
The graph above is based on the British Cohort Study and,
like the figures that follow, uses observations on the sam-
ple at both ages 34 and 42.^3 The standard deviation of life-
satisfaction in the sample is 1.9 (on the scale of 0– 10).
So what explains this variation? The method of explana-
tion is called multiple regression. This provides estimates of
an equation such as
Life- satisfaction = (∝ 1 × Income) + (∝ 2 × Education) + etc. (1)
35
30
25
20
15
10
5
0
0
Extremely
dissatised
Completely
satised
12345678910
Pe
rcen
t
Distribution of life- satisfaction (0– 10) at ages 34 and 42 (British Cohort Study)