Experienced Well-Being

It is a bias. Here are some examples:

Bias

“The objective of policy should be to reduce human suffering. We aim for a lower U-index in society. Dealing with depression and extreme poverty should be a priority.”
“The easiest way to increase happiness is to control your use of time. Can you find more time to do the things you enjoy doing?”
“Beyond the satiation level of income, you can buy more pleasurable experiences, but you will lose some of your ability to enjoy the less expensive ones.”