…experiences do lead to more happiness when the purchase goes well. “However, for negative purchases, bad experiences lead to more lasting unhappiness than do bad material purchases. Experiences ‘stay with’ us longer than material purchases, whether good or bad. They simply have more lasting power over our happiness. Imagine that really terrible play or restaurant meal—it is tougher to recover from picking the wrong experience than from picking the wrong thing.”
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Does how much money your friends and neighbors make reduce your happiness?