In this video, I discuss the literal happiness formula and what it means.
Here is a link to the book that I referenced, the happiness hypothesis, it contains much more information than what I've covered (The video is not a book review):
https://www.amazon.com/dp/B003E749TE/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 The Old Models of Happiness:
Materialism
Nonattachment
The Adaptation Principle
The Happiness Formula: H= S+C+V
H=happiness
S=Biological Set Point
C=Conditions of LIfe
V=Voluntary Activity