Your task in this assignment is to read a journal article and its associated press coverage, write your own report on the research, evaluate how well the news article described the findings, and...

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Answered 1 days AfterOct 30, 2022

Answer To: Your task in this assignment is to read a journal article and its associated press coverage, write...

Megha answered on Oct 31 2022
62 Votes
Buy Experiences, Not Things
The average person's mind is roaming 47% of the time. While reading, conversing with others or watching over youngsters, it travels approximately a third of the time. Killingsworth believes that the content of present-day encounters is what makes life happy. Nothing physical has intrinsic value, aside from any underlying promise of happiness. Of c
ourse, ownership satisfaction can only arise after acquisition. It may manifest as eagerness or nostalgic longing. However, these psychologists argue that the ability of the human brain to think about things in the past and future for long periods has generally come at the sacrifice of happiness. In addition, minds sometimes stray to gloomy, not amusing realms even though that mind has nothing enticing to look forward to or delightful to recall.
Numerous studies in psychology conducted over the past ten years have demonstrated that experiences, rather than material stuff, make people happy. Professor of psychology at Cornell University Thomas Gilovich has long contended that experiential acquisitions are more satisfying than physical ones. In the journal Psychological Science, Gilovich, Killingsworth, and Cornell Ph.D. student Amit Kumar this month built on the idea that spending money on activities gives higher lasting happiness. In addition, they examined whether the advantage of spending emotions on an experience accrues before the purchase has been made, in addition to after, with a focus on anticipation as a driver of that satisfaction. And it does, indeed.
According to research, experiences, as opposed to material stuff, produce happiness that lasts longer. There are a few reasons why this is the case. However, the main contention of the supplied article is that people quickly adapt to their circumstances. As a result, the joy brought on by brand-new material items is fleeting. People's contentment with the things they purchase declines over time, whereas their satisfaction with experiences rises over time. Additionally, research has shown that people are more likely to give to others when contemplating an experiential rather than a material purchase. Additionally, they are more inclined to engage in social activities.
Matthew Killingsworth and Daniel Gilbert published a significant study in science magazine in 2010. A wandering mind is an unhappy mind, according to their research. Additionally, a person experiences more happiness both during and after a moment the better they can "remain present" in it. In this sense, experiences offer more opportunities. Allison Niebes-Davis, Ph.D.'s book How to Make Good Moments Last Longer, contains helpful tips on remaining present in life's situations. According to research by Ryan T. Howell and Graham Hill, another important factor explaining why experiences provide greater satisfaction than financial goods is that they lead to fewer comparisons with others.
It's easier to feature-compare things than experiences. People also compare because it's simpler to do so. Of course, this does not imply that comparisons do not still take place during events. However, overall, both during and after, we tend to compare our positive experiences with people less than our financial assets. Nine years ago, when we first started studying minimalism, I asked myself what I may start doing with the advantages of owning less. What might we do with the extra cash, time, and energy if we stopped acquiring, pursuing, and caring for surplus material possessions? But sharing unique moments with my family ranks well on my favorites list.
When someone starts trading and the markets continue to rise for many months or years, they will have gained absolutely no experience. In actuality, they would have a bad experience in that they almost probably would become...
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