Whiling away the hours surfing the web under the guise of sermon preparation, I tripped over a research study from which behavioral economists had calculated a monetary value for prayer. Ever since reading Thinking, Fast and Slow by Nobel Laureate Daniel Kahneman, I’ve become quite fond of the insights generated by this hybrid discipline, so I explored the study’s findings.
The research was performed by University of Wyoming Assistant Professor of Economics Linda Thunström, who designed a simple test to compare the impact of prayer on people’s generosity. The study participants were divided into three groups. One group read a few paragraphs regarding the impact of Hurricane Harvey three months after the storm and were invited to contribute any or all of five dollars they had received through an online account. The second group, all self-identified Christians, were invited to spend a few moments in prayer for the storm victims, then also invited to contribute from their five-dollar allotment. The final group were asked to quietly reflect on the devastation and how victims might feel who had suffered from the storm’s devastation, and after a few moments of reflection, they, too, were asked to contribute.