A new study suggests psychotherapy is more effective at boosting happiness than money.
U.S. (WiredPRNews.com) – A recent study suggests psychotherapy may be better at boosting the happiness of individuals than financial gain. As reported by HealthDay News, researchers found that a $1,329 therapy session provided an increased perception of well-being that would be equivalent to that provided by a $41,542 pay increase.
Chris Boyce with the University of Warwick, who authored the study, is quoted in the report as stating of the findings, “We have shown that psychological therapy could be much more cost effective than financial compensation at alleviating psychological distress… This is not only important in courts of law, where huge financial rewards are the default way in which pain and suffering are compensated, but has wider implications for public health and well-being.”
More information about the study may be found in the Nov. 18 publication of Health, Economics Policy and Law.
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