|
by technopolitical
Research on money, spending, and happiness continues. The facts (as usual) undercut various prevailing ideologies. Consider the recent research report in the journal Science:
Spending Money on Others Promotes Happiness Experimental methodology, etc., follows, and then some meat: Promoted by Migeru
Finally, despite the observable benefits of prosocial spending, our participants spent relatively little of their income on prosocial ends; participants in our national survey, for example, reported devoting more than 10 times as much money for personal as for prosocial spending each month. Although personal spending is of necessity likely to exceed prosocial spending for most North Americans, our findings suggest that very minor alterations in spending allocations--as little as $5 in our final study--may be sufficient to produce nontrivial gains in happiness on a given day. Why, then, don't people make these small changes? When we provided descriptions of the four experimental conditions from our final study to a new set of students at the same university (N = 109) and asked them to select the condition that would make them happiest, Fisher's Exact Tests revealed that participants were doubly wrong about the impact of money on happiness; we found that a significant majority thought that personal spending (n =69) would make them happier than prosocial spending (n = 40) (P < 0.01) and that $20 (n = 94) would make them happier than $5 (n =15) (P < 0.0005). Given that people appear to overlook the benefits of prosocial spending, policy interventions that promote prosocial spending--encouraging people to invest income in others rather than in themselves--may be worthwhile in the service of translating increased national wealth into increased national happiness.
So...
But about that happiness/utility thing, a few foundational concepts have shifted and need to be reconsidered -- and the intellectual cathedrals that tower above them may need patches applied to a few minor cracks. |
Menu
. Home
. About . Contact . New User Guide . FAQ . Search . Search (Google) . Archives (Wiki) Art, Economics, Energy, Environment, EU Politics, Mech & Tech, By Country Login
|
|
|
LQD: Buying Happiness | 22 comments (22 topical, 0 editorial, 0 hidden)
LQD: Buying Happiness | 22 comments (22 topical, 0 editorial, 0 hidden)
| ||
| ||