Two men stood at the verge of the cliff, watching:
A new exciting paper in the forthcoming Journal of Consumer Psychology makes the case that money should buy us happiness, but most people aren’t spending it right. On the edge of psychology and economics, Profs. Daniel Gilbert, Elizabeth Dunn and Timothy Wilson lay out eight principles of spending efficiently, including:
1) Buy more experiences and fewer objects.
2) Don’t worry about insurance.
3) The frequency of happy events matters more than their intensity.
photo { Pieter Hugo }
