Dow Jones Sinks

In this month’s posting for Positive Psychology News Daily, I reviewed some brand new research from Professor Carol Graham, Soumya Chattopadhyay, and Mario Picon (all from the University of Maryland). Their objective was to better understand the effects of the US economic crisis on well-being and to determine if individuals adapt both to the bad news of the crisis and then to the good news of potential recovery.

Looking across time during the crisis, not surprisingly happiness levels decreased markedly at the start of the crisis, reaching their lowest levels early in 2009. They then followed an equally marked upward trend after April 2009. During the downward trend, happiness levels lag the stock market spikes, which makes intuitive sense.

But the most striking result is that happiness levels lead the stock market on the upward trend. What’s more, by July 2009 happiness levels were above those at the start of the crisis, even though the Dow Jones was only just starting to recover, having hit rock bottom.

For the full posting and to read all the comments, see Positive Psychology News Daily.

Image  courtesy of Scorpions and Centaurs

Ice-cold beer - one of life's small pleasures

Another new study (Quoidbach et al, 2010 – see details below) has been published on the topic of money and well-being, specifically, whether being wealthy enough to access the best things in life affects your ability to savour small pleasures.

The research suggests that wealthier individuals report lower savoring ability, and even being reminded of wealth produces the same negative impact on savoring as actual wealth. In fact, you don’t actually need to enjoy any peak experiences (such as spending time on a tropical beach holiday) for your savoring ability to be impaired – simply knowing that these peak experiences are readily available may increase your tendency to take life’s small pleasures for granted.

For a full review of the research and its implications, see Positive Psychology News Daily.

Reference:

Quoidbach, J., Dunn, E.W., Petrides, K.V. & Mikolajczak, M. (2010). Money giveth, money taketh away: The dual effect if wealth on happiness. Psychological Science 21 (6), 759-763.

Image:

Cold beer courtesy of niel schubert

Positive Psychology often talks about the benefits that helping others can have on your well-being – you may have come across the phrase ‘random acts of kindness’. Research by Sonja Lyubomirsky and colleagues suggests that doing  a variety of random acts of kindness for other people, such as holding the door open or helping someone carry their shopping, can improve your well-being. Volunteering is also good for depression for example.

New research from Netta Weinstein and Richard Ryan (2010) suggests firstly that you need to be intrinsically motivated to help in order to derive these benefits for yourself, and secondly helping others when you’re extrinsically motivated (e.g. by reward or the fear of reprimand) is worse for their well-being than if you don’t help them at all.

Clearly this has implications for companies where excellent customer service is at the heart of their business. Are your customer service staff intrinsically motivated to help?

My article on Positive Psychology News this month covers this topic in more depth – read it here.

Image courtesy of D3 San Francisco

Tal Ben-Shahar, Psychology Lecturer at Harvard University talks about how organisations can use Positive Psychology to improve motivation, creativity and loyalty, and ultimately productivity (2.37 mins).

Thanks to bigthink.com

Some fantastic new (2010) research from Todd Thrash and colleagues suggests that inspiration leads to well-being (but not the other way round), and that purpose in life and gratitude are mediators. For the full story see my Positive Psychology News Daily posting here.

As always, you can post your comments here and on the PPND website.

Image: thanks to PVBroadz