The first thing that occured to me is that the "Happiness Expected" from a given situation is nearly useless because it does not take one really important thing into consideration: time.
For example: would I rather have $5 right now or $100 in one-hundred years? According to the equation from the lecture, (HapExpt = OdInFavr * Value$) it is suggested that $100 over 100 years is a better deal. But obviously, it is not, because I probably won't be around to collect the money in a hundred years.
So I suggest we amend the equation to: HapExpt = [(OdInFavr * Value$) / Time (days)]; the total projected happiness being the total profit derived from a given situation divided by how long it took us to accomplish.
Henceforth, this new unit to measure happiness (odds * $)/(time) shall be called the "Mazer", in honor of me, because I invented it. I expect it to be added to school curriculums nationwide by 2021.