“Social scientist Alex Michalos, in his discussion of the perceived quality of experience, argued that people establish standards of satisfaction based on the assessment of three gaps: “the gap between what one has and wants, the gap between what one has and thinks others like oneself have, and the gap between what one has and the best one has had in the past.”

“Social scientist Alex Michalos, in his discussion of the perceived quality of experience, argued that people establish standards of satisfaction based on the assessment of three gaps: “the gap between what one has and wants, the gap between what one has and thinks others like oneself have, and the gap between what one has and the best one has had in the past.”

— Barry Schwartz