Sending someone on an African safari, staying in an Irish castle or going to Coachella makes them happier in the long run than a physical object. The perfect gift isn’t something you can wrap. More people want memorable experiences over the latest iPhone or designer bag — and their friends and family are more than happy to oblige by booking a table at a favorite restaurant, fueling an adrenaline rush with a skydiving session…
“It’s possible that we are in a post-materialistic world where we have enough stuff, and now people are focusing more on acquiring experiences,” said Dr. Joseph K. Goodman, an Ohio State University professor, who has co-authored a paper on “When Consumers Prefer to Give Material Gifts Instead of Experiences.”
“The other possibility is that people are looking for more unique gifts,” he also told Moneyish, “and we know more research that experiences are more unique and less comparable; two sweaters can be compared easily, but two vacations are much harder to compare, and have their own unique qualities and benefits.”…
Moneyish by Nicole Lyn Pesce @pescenic
By Selin Malkoc, full article at The Conversation and at Time.
Graduation season is upon us, and for many graduates, it’s a moment they’ll want to remember for the rest of their lives.
Yet families often wonder about the best way to mark this special occasion. The graduation gift, of course, is one way. But then comes the tough part: deciding on the gift.
I recently faced a (somewhat) similar predicament. I’d been promoted, and I wanted to treat myself. There was this ring I’d been coveting; but after a quick Google search for the best way to treat yourself, the recommendations were unanimous: Splurge on an experience – a trip or a retreat.
Just to make sure, I decided to approach my colleague Joseph Goodman, who has researched the relationship between purchases and happiness. He, too, suggested that I take a vacation to add another experience to my store of memories. After all, he and others have convincingly shown that experiences – rather than material goods – are more closely related to happiness.
Still, I had the nagging feeling that I’d be better off buying the ring. Was I just trying to find an excuse to buy something I’d wanted for a while? Or is there something else at play when we choose gifts, whether it’s for ourselves or others? Read the full article here: https://theconversation.com/some-graduation-gifts-really-are-better-than-others-77653
Why Scheduling Your Free Time Might Ruin It. Americans are becoming increasingly dependent on our calendars. But what happens when you start to schedule free time? Bad things, says Selin Malkoc. @NPR: Innovation Hub w/ Selin Malkoc http://www.npr.org/podcasts/512646501/innovation-hub
Nothing ruins a potentially fun event like putting it on your calendar.
In a series of studies, researchers found that scheduling a leisure activity like seeing a movie or taking a coffee break led people to anticipate less enjoyment and actually enjoy the event less than if the same activities were unplanned…
Around minute 41 minute mark, the Today show discusses Selin Malkoc’s research on how planning can take the fun out of leisure. It’s sandwiched between their discussions of celebration penalties in the NFL and a video of a guy boxing a Kangaroo to save his dog. Just another day on Today…
Have you ever found yourself dreading a leisurely activity you had eagerly scheduled days or weeks in advance?
I first caught myself doing this a few years ago when I was traveling home to Turkey. I had excitedly made plans to meet up with some old friends. But to my surprise, as the date approached, I started to feel reluctant and unenthusiastic about these long-awaited reunions.
“I have to go get lunch with my friend,” I’d grouse to others, making it sound like a chore.
Was I an anomaly? Or do other people feel this way too?
Read the full full article here.