By Ashley Whillans, University of British Columbia
Every day, we are confronted with choices about how to spend our money. Whether it’s thinking about picking up the tab at a group lunch or when a charity calls asking for a donation, we are faced with the decision to behave generously or not.
A new study by PhD candidate Kostadin Kushlev and Professor Elizabeth Dunn in the Department of Psychology at UBC suggests that easing up on email checking can help reduce psychological stress. Continue reading →
Happiness means something different to everyone, but what we all have in common is the need to make it a priority. Not only does happiness feel good in the moment, but a lot of scientific research suggests that happier people live longer and healthier lives. And if you’re a student, feeling happy has the additional benefit of reducing stress and improving academic performance. Continue reading →
My close friends and family always smugly chuckle upon learning that I study the psychology of time and money. I’ll let you in on their amusement. As a graduate student, I am chronically counting my seconds and cents—scrounging time to see friends while managing multiple deadlines, and saving up for my next flight on a slim student stipend. And while I have not yet learned how to stop time or how to grow money on trees, social psychology does offer insight into when time and money may help vs. hinder happiness. Continue reading →
If you found an unexpected $20 bill in your coat pocket this afternoon, what do you think would be the best way to spend this money to maximize your happiness? Take a minute to think about your response. If you imagined spending this $20 on something for yourself — such as indulging in a foamy cappuccino and lunch at your favourite cafe — you might want to rethink your spending decision. In fact, you may even want to turn to entrepreneur Warren Buffet for expert financial advice. Continue reading →