Subjective Wellbeing to Compare Cost-Effectiveness of Interventions | Joel McGuire | EAGxBoston 22

In this talk, Joel briefly introduces the Happier Lives Institute and explains their recent research comparing the cost-effectiveness of cash transfers to psychotherapy using subjective wellbeing. He finds that psychotherapy is nine times more cost-effective than cash transfers after adjusting for household spillovers. The analysis shows that subjective wellbeing offers a coherent framework for measuring the wellbeing impact of interventions from the micro (charity) to the macro (policy) scale. View the original talk and video here. Effective Altruism is a social movement dedicated to finding ways to do the most good possible, whether through charitable donations, career choices, or volunteer projects. EA Global conferences are gatherings for EAs to meet.