Friday, April 24, 2015 @ 8 p.m.
Tickets - $7
Can money make you happy? Our research suggests that it can - if you
give it away. We show that encouraging people to spend on others - for
example, by giving them $20 in the morning and asking them to give it
away by the end of the day - makes people happier than spending on
themselves. In addition, the positive impact of behaving charitably
can improve organizational health and performance. When we gave
employees in two organizations "prosocial incentives" (bonuses given
to charity or spent on co-workers) rather than standard incentives
(bonuses for themselves), both employee satisfaction and job
performance improved dramatically. I will discuss how these findings
change the way organizations should think about incentivizing
employees - and how we should think about spending our own money.
Michael Norton is an Associate Professor at the Harvard Business
School. Prior to joining HBS, Professor Norton was a Fellow at the MIT
Media Lab and MIT's Sloan School of Management.
He is the co-author - with Elizabeth Dunn - of the new book, Happy
Money: The Science of Smarter Spending (Simon & Schuster).
His research has twice been featured in The New York Times Magazine Year in Ideas, and was featured in Harvard Business Review's
Breakthrough Ideas for 2009. In 2012, he was selected for Wired
Magazine's Smart List as one of "50 People Who Will Change the World."