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What are the best Christmas gifts?
Experiences, not possessions. Concerts and travel are remembered for longer than clothes and jewelry. The result is robust to different ages and groups, but tends to be strongest for high-income individuals. Here is the full story, here is another summary. Here is the original paper. The home page of Van Boven, one of the researchers, offers many interesting papers on human psychology.
Posted by Tyler Cowen on December 22, 2003 at 07:02 AM in Current Affairs, Science | Permalink
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Marginal Revolution: "Experiences, not possessions. Concerts and travel are remembered for longer than clothes and jewelry. The result is robust to different ages and groups, but tends to be strongest for high-income individuals."... [Read More]
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» What Are The Best Christmas Gifts? from Business Opportunities Weblog
Marginal Revolution: "Experiences, not possessions. Concerts and travel are remembered for longer than clothes and jewelry. The result is robust to different ages and groups, but tends to be strongest for high-income individuals."... [Read More]
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Marginal Revolution: "Experiences, not possessions. Concerts and travel are remembered for longer than clothes and jewelry. The result is robust to different ages and groups, but tends to be strongest for high-income individuals."... [Read More]
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