The Value of Experience
Lecture no. 15 from the course: Behavioral Economics: When Psychology and Economics Collide
Taught by Professor Scott Huettel | 29 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Regarding buying decisions, consider the value we attach to purchasing experiences. Review studies comparing purchases of material goods with experiences, and evidence that purchases of experiences lead to more happiness. Consider the role of memory in the satisfaction related to experiences, and how we can prioritize our buying decisions for greater quality of life.