Happiness: With Guests Scott Harrison & Mike Norton

In this episode of Choiceology with Katy Milkman (), we examine an old insight about joy and providing. It's an insight that is now supported by behavioral science.

The episode begins with a scene from the Charles Dickens classic A Christmas Carol. From there we hear from the founder and CEO of Charity: Water (), Scott Harrison. When Scott turned 18, he transferred to New york city City and got a job as a bar promoter. He lived a hedonistic lifestyle that consisted of private jets and exotic celebrations. He must have been on cloud nine, but he was miserable. It wasn't until Scott relocated to among the poorest nations on the planet that he began to find satisfaction. You can discover more about Scott's story and his incredible transformation in his new book Thirst ().

Next Harvard Company School () professor Michael Norton () explores the subject of joy and spending. He's the co-author of a study () on the topic of happiness and spending, and the book Happy Cash: The New Science of Smarter Spending ().

Lastly, we struck the streets to carry out an experiment. We gave out five dollar bills to random individuals and inquired to invest it on themselves or offer it away. Which group do you believe will experience a higher level of joy?

Choiceology is an original podcast from Charles (). For more on the series, check out .com/podcast

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Essential Disclosures:

All expressions of viewpoint are subject to alter without notification in response to moving market conditions.

The remarks, views, and opinions revealed in the discussion are those of the speakers and do not always represent the views of Charles Schwab.

Data consisted of herein from third-party suppliers is obtained from what are considered reputable sources. However, its accuracy, completeness or dependability can not be guaranteed.

( 1218-89EM).

Happiness: With Guests Scott Harrison & Mike Norton

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