One More Reason to Spend Your Money on Ballet Tickets
Can money buy happiness? A recent study found that maybe it can—if you’re buying an experience. Researchers at Cornell University and University of California, Berkeley, surveyed around 100 college students and more than 2,200 randomly chosen adults to see how they felt while waiting to purchase both material goods and entry to events. People got excited about both, but they were generally more positive about the experiences, such as vacations or concerts. Waiting for material purchases, like a new phone, caused more impatience, and people tended to feel more competitive.