We have not seen really effective ways for people to have conversations about money. It's much more fun to talk about pretty much anything else in the world than spending our money. So there's mechanical ways to cope with the problem. But it does seem like the fact that now those are automatic debits that i don't think about every time, i'm probably not getting much happiness out of those donations any more. Sometimes you should actually not give a tiny amount if you never ever expect to give again.
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