The contribution of experiential and material purchases to happiness: expanding the experience recommendation
Abstract
The experience recommendation posits that experiential purchases, such as concert and airplane tickets, contribute more to happiness than material purchases, such as clothes and cars. Closer examination of the extant research on the topic and the empirical explanations provided for this effect, reveals underlying asymmetries in the nature of these purchases, which contribute to the happiness advantage of experiential purchases. As such, the experience recommendation seems to only partially explain the relationship between consumption and happiness, thus limiting the value of any consumer recommendation for maximizing happiness from spending.In line with recent studies focusing on specific properties of material and experiential purchases, the present research proposes and examines two asymmetries which give experiential purchases a happiness advantage. Specifically, the present study hypothesizes that experiential purchases are inherently more hedonic and self-expressive than material ...
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