Category Archives: Research

Counting Seconds & Cents: The Psychological Consequences of Time and Money

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By Ashley Whillans

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

Chances for far-out research are improving

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By Peter Suedfeld

What was the new President of the Canadian Space Agency (CSA), Walter Natynczyk, doing in the Kenny Building on May 14? He and Jean-Marc Chouinard, the CSA’s Head of Policy and Regulatory Affairs, came to meet with Phyllis Johnson (Dept. of Sociology, UBC) and me to discuss how social and behavioural scientists can contribute to Canada’s space program. Continue reading

Spending Money on Others and Personal Happiness

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By Ashley Whillans

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