
This Holiday Season, Spend on Doing Rather Than Having
Research shows that paying for experiences instead of material possessions will give you greater and more enduring satisfaction
Thomas Gilovich is the Irene Blecker Rosenfeld Professor of Psychology at Cornell University and co-director of the Cornell Center for Behavioral Economics and Decision Research. He specializes in the study of everyday judgment and reasoning. In addition to his articles in scientific journals, Dr. Gilovich is the author of How We Know What Isn't So (Free Press), Why Smart People Make Big Money Mistakes (Simon and Schuster, with Gary Belsky), Social Psychology (W.W. Norton, with Dacher Keltner, Serena Chen, and Richard Nisbett), and The Wisest One in the Room (The Free Press, with Lee Ross).
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