Scientific Demonstration Project
Monitoring the Effect of Group Transcendental Meditation on Quality of Life Indicators

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The Dow Jones Industrial Average rose 11.9%

During the First 100 Days of the Scientific Demonstration Project

The Dow was decreasing on average slightly less than 0.02% percent per week from January 3, 2000, through the week prior to the start of the Project. However, immediately following the beginning of the Project on July 23, 2006, there was a statistically significant shift to a positive average growth rate of approximately 0.8% per week for the Dow. The analysis indicated that the probability of observing a change this large in the Dow’s rate of growth purely by chance is less than 6 in 100,000 (p = 0.000058).

 Dow

The S&P 500 Index
rose 12.0%

During the First 100 Days of the Scientific Demonstration Project

The S&P 500 was decreasing on average slightly less than 0.04% percent per week from January 3, 2000, through the week prior to the start of the Project. However, immediately following the beginning of the Project on July 23, 2006, there was a statistically significant shift to a positive average growth rate of approximately 0.8% per week for the S&P. The analysis indicated that the probability of observing a change this large in the S&P’s rate of growth purely by chance is less than 3 in 100,000 (p = 0.000026).

 S & P

The NASDAQ Composite Index rose 17.8%

During the First 100 Days of the Scientific Demonstration Project

The NASDAQ was decreasing on average 0.19% per week from January 3, 2000, through the week prior to the start of the Project. However, immediately following the beginning of the Project on July 23, 2006, there was a statistically significant shift to a positive average growth rate of approximately 1.36% per week for the NASDAQ. The analysis indicated that the probability of observing a change this large in the NASDAQ’s rate of growth purely by chance is approximately 2 in 1,000,000 (p = 0.0000023).

 NASDAQ

The Domini 400 Social
Index rose 13.7%

During the First 100 Days of the Scientific Demonstration Project

The Domini 400 Social Index of socially responsible companies was decreasing at an average weekly rate of 0.016% from its inception on May 23, 2001, through the start of the Project. However, immediately following the beginning of the Project on July 23, 2006, there was a statistically significant shift to a positive average growth rate of approximately 0.93% per week for the Domini 400. The analysis indicated that the probability of observing a change this large in the Domini’s rate of growth purely by chance is approximately 2 in 1,000,000 (p = 0.0000019).

 Domino

Consumer Sentiment
Index rose 10.5%

During the First 100 Days of the Scientific Demonstration Project

The University of Michigan’s Consumer Sentiment Index rose a total of 8.9 points (10.5%) for the first 3 full months of the Project (August – October). The average monthly increase was approximately 3.0 points, as compared to an average monthly change of 0.003 points for the pre-project period back to 1978. The impact of the Project was large and highly statistically significant: the probability of observing this result purely by chance is approximately 9 in 1,000 (p = 0.009).

 Consumer

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