The Long Term Effects of Social Relationships

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Many of the principles, in one way or another, do involve other people. Weigh beyond the idea that i took you out to lunch to day. To day is going, it'll be gone by to morrow. It's not like it. If i treat you to lunch, my life is different. But what is different, perhaps, is that i changed our relationship and that can actually change my life an the longer term.

Can money really buy happiness? Michael Norton is a social science researcher who studies how we feel about our spending decisions. His work explores questions like: What’s the best way to spend your cash? How much should you donate to charity? Do credit cards make us unhappy? In this episode, Michael shares the sometimes-surprising findings that can help you use our money to improve your life. Michael is a professor of business administration in the marketing unit at the Harvard Business School. Prior to joining HBS, Michael was a Fellow at the MIT Media Lab and MIT’s Sloan School of Management. His work has been published in a number of leading academic journals and has been covered in media outlets such as the Economist, the Financial Times, the New York Times, the Wall Street Journal, and the Washington Post. To learn more about "How to Be a Better Human," host Chris Duffy, or find footnotes and additional resources, please visit: go.ted.com/betterhuman