Wow, now he's doing hedonic calculus to claim that a slight increase of 1% in ones happiness simply isn't worth the risk of getting caught.
Subjective value, anyone?
There's simply no way one can claim that the marginal differential in expected happiness isn't worth the cost TO THAT INDIVIDUAL. eg: if i claim that I get enough ifferential subjective value out of sitting one seat closer at the opera where it's worth my paying $1000 extra for the ticket, a third party simply cannot claim that I'm not getting fair "value".
Value is subjective.
I don't think Stefan understands that happiness is ordinal, not cardinal. He's measuring in utils?