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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DOI
10.12681/eadd/43224
Handle URL
http://hdl.handle.net/10442/hedi/43224
ND
43224
Alternative title
Η συμβολή των υλικών και εμπειρικών αγορών στην ευτυχία: διευρύνοντας τη σύσταση εμπειρίας
Author
Kousi, Sofia (Father's name: Konstantinos)
Date
2018
Degree Grantor
Athens University Economics and Business (AUEB)
Committee members
Κοκκινάκη Φλώρα
Μπάλτας Γεώργιος
Ήντουνας Κωνσταντίνος
Σκαρμέας Διονύσης
Δημητριάδης Σέργιος
Σιώμκος Γεώργιος
Ανδρονικίδης Ανδρέας
Discipline
Social SciencesEconomics and Business
Keywords
Happiness; Material purchases; Experiential purchases
Country
Greece
Language
English
Description
263 σ., tbls., fig., ch.
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