Abstract: Experienced well-being is an integration of multiple emotional responses measured by moment-based assessment which is based on experienced utility. The concept of experienced well-being proposed by Kahneman and his collaborators mainly stems from their rediscovery and interpretation for utility. Experienced utility moment-based assessment and hypotheses for measuring moment utility constitute the theoretical basis of experienced well-being. The methods for measuring experienced well-being mainly include experience sampling method and day reconstruction method. Based on these two methods, national well-being accounts and national time accounts analyze more directly how people distribute their time and how they experience emotions in daily life. Furthermore, the concept of experienced well-being and its measurement offer concrete, real and referable scientific data for evaluating and making public policies.

Key words: experienced well-being, experienced utility, day reconstruction method, public policy