In this talk, Joel briefly introduces the Happier Lives Institute and explains their recent research comparing the cost-effectiveness of cash transfers to psychotherapy using subjective wellbeing. He finds that psychotherapy is nine times more cost-effective than cash transfers after adjusting for household spillovers. The analysis shows that subjective wellbeing offers a coherent framework for measuring the wellbeing impact of interventions from the micro (charity) to the macro (policy) scale.

View the original talk and video here.

Effective Altruism is a social movement dedicated to finding ways to do the most good possible, whether through charitable donations, career choices, or volunteer projects. EA Global conferences are gatherings for EAs to meet.

Effective Altruism is a social movement dedicated to finding ways to do the most good possible, whether through charitable donations, career choices, or volunteer projects. EA Global conferences are gatherings for EAs to meet. You can also listen to this talk along with its accompanying video on YouTube.