NEW YORK: Expenses during weddings -- and some other happy occasions can be exploitative, say researchers, adding that people do not think twice before spending on happy or solemn occasions while buying an engagement ring, desserts for a birthday party etc.
"People's buying behaviour changes when they're making purchases out of love because it feels wrong to engage in cost-saving measures," said lead author Peter McGraw from University of Colorado Boulder.
People abandon cost-saving measures when it comes to sentimental buys because they want to avoid having to decide what is the right amount of money to spend on a loving relationship, McGraw added in the paper published in the journal of Judgment and Decision Making. The study involved nearly 245 participants and the team asked attendees at a wedding show about their preference between two engagement rings. The attendees nearly always chose the more expensive ring when deciding between a more expensive ring with a bigger carat and a less expensive ring with a smaller carat.
Even when they identify a less expensive alternative to be equally desirable, people choose the more expensive of two items. They also avoid searching for lower prices and negotiating better prices when the goods they're buying are symbolic of love, the researchers explained.
"The loss of savings can really add up and put pe
Answers
Answer:
Expenses during happy times
Explanation:
Experiences on the live on us forever. If you spend money on experiences, as opposed to material or quantifiable items, you are going to experience much more joy and contentment in your life.
Experiences can’t be quantified.
I already delved into this but the importance of this point can’t be overstated. Experiences are priceless while material items always have an expiration date. The house and car that we buy are wonderful purchases but over time the satisfaction you receive from them is most likely going to diminish. The initial buyer’s high you get is not going to last forever. Experiences teach you life lessons.
Experiences are worth investing in because they teach you life lessons that you won’t acquire anywhere else. Traveling to new places teaches patience, acceptance, understanding, as well as organizational skills. Purchase tickets to the symphony, theater, opera, or musicals to expose your senses to the performing arts. Spend time at museums and exhibitions to uncover information from past historical time periods. Observe the sacrifice and commitment it takes to be an athlete by attending sporting events.People's buying behaviour changes when they're making purchases out of love because it feels wrong to engage in cost-saving measures," said lead author Peter McGraw from University of Colorado Boulder.
People abandon cost-saving measures when it comes to sentimental buys because they want to avoid having to decide what is the right amount of money to spend on a loving relationship, McGraw added in the paper published in the journal of Judgment and Decision Making. The study involved nearly 245 participants and the team asked attendees at a wedding show about their preference between two engagement rings. The attendees nearly always chose the more expensive ring when deciding between a more expensive ring with a bigger carat and a less expensive ring with a smaller carat.
We are a member of a species that thirsts for experiences that are meaningful and significant. Experiences do more than just merely endow us with facts and figures. They transform your life. They teach us how to be humble, virtuous, and compassionate. These lessons might be subtle at first, but they are a big reason why you spend your money on experiences.
Experiences help you express gratitude.Experiences, which you find worthwhile and meaningful, are prime opportunities for you to express gratitude. If you fill up your life with experiences imagine how grateful you are going to be for your existence. Practicing gratitude for major life-altering experiences allows you to feel grateful for the seemingly minute and mundane ones.