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What's Your Problem?
Get Happier, Help Others: Some Good Ideas About Giving
Dec 2, 2024
Join Dr. Laurie Santos, a Yale psychologist and host of The Happiness Lab, and Elie Hassenfeld, co-founder and CEO of GiveWell, as they delve into the surprising joy of giving. Discover how spending on others boosts your happiness more than spending on yourself. Learn about impactful charities and the effectiveness of small donations. The conversation also highlights the psychology of generosity, challenges in effective philanthropy, and the unique contributions from the poker community to charitable causes. Tune in for insights that could transform your approach to giving!
51:09
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Quick takeaways
- Charitable giving is shown to enhance personal happiness significantly more than spending money on oneself, highlighting a common psychological bias.
- Evaluating the effectiveness of charities, as done by GiveWell, allows donors to make informed decisions that maximize the impact of their contributions.
Deep dives
The Psychological Benefits of Giving
Research indicates that giving money to charity has significant psychological benefits, often leading to greater happiness than individuals anticipate. Studies reveal that people report feeling happier after donating to charity compared to spending the same amount on themselves. This disconnect arises from our misjudgment about what contributes to our happiness, as people often undervalue the happiness derived from helping others. By understanding this psychological bias, individuals can seize the opportunity not only to improve their well-being but also to positively impact the lives of others.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode