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This article addresses positive psychology from the agentic perspective of social cognitive theory. There is a difference between pursuing happiness and achieving it through meaningful pursuits. Perceived well-being and satisfaction are derived from how one lives one's life not just from episodic good feelings or transient pleasures. Social cognitive theory addresses well-being and satisfaction in terms of commitment to a valued future and enablement to take the steps to realise it. The state of one's satisfaction and well-being is determined, in large part, relationally rather than solely by objective life conditions. Self-satisfaction and subjective well-being are rooted in temporal comparison on whether one's life is better or worse than in the past; social comparison on whether the quality of one's life compares favourably or unfavourably with the quality of life others enjoy; and aspirational comparison on how one's life status measures against the life ambition one set for oneself.
Albert Bandura (Thu,) studied this question.