People value experiences more than material things

Washington, Apr 15 (ANI): People value pleasant experiences more than worldly possessions, a new study has found.

According to the new study led by University of Colorado at Boulder psychology Professor Leaf Van Boven, individuals who pursue happiness through material possessions are liked less by their peers than people who pursue happiness through life experiences.

"We have found that material possessions don't provide as much enduring happiness as the pursuit of life experiences," Van Boven said.

The "take home" message in his most recent study, which appears in this month's edition of the Personality and Social Psychology Bulletin, is that not only will investing in material possessions make us less happy than investing in life experiences, but that it often makes us less popular among our peers as well.

"The mistake we can sometimes make is believing that pursuing material possessions will gain us status and admiration while also improving our social relationships," Van Boven said. "In fact, it seems to have exactly the opposite effect. This is really problematic because we know that having quality social relationships is one of the best predictors of happiness, health and well-being.

"So for many of us we should rethink these decisions that we might make in terms of pursuing material possessions versus life experiences," he said. "Trying to have a happier life by the acquisition of material possessions is probably not a very wise decision."

In the study, Van Boven and his colleagues conducted five experiments with undergraduate students and through a national survey. They sought to find out if people had unfavorable stereotypes of materialistic people and to see if these stereotypes led them to like the materialistic people less than those who pursued life experiences.

In one experiment undergraduates who didn't know each other were randomly paired up and assigned to discuss either a material possession or a life experience they had purchased and were happy with. After talking for 15 or 20 minutes they were then asked about their conversation partners by the researchers.

"What we found was that people who had discussed their material possessions liked their conversation partner less than those who had discussed an experience they had purchased," Van Boven said. "They also were less interested in forming a friendship with them, so there's a real social cost to being associated with material possessions rather than life experiences."

In another experiment using a survey, the researchers told people about someone who had purchased a material item such as a new shirt or a life experience like a concert ticket. They then asked them a number of questions about that person. They found that simply learning that someone made a material purchase caused them to like him or her less than learning that someone made an experiential purchase.

"We have pretty negative stereotypes of people who are materialistic," Van Boven said. "When we asked people to think of someone who is materialistic and describe their personality traits, selfish and self-centered come up pretty frequently. However, when we asked people to describe someone who is more experiential in nature, things like altruistic, friendly and outgoing come up much more frequently." (ANI)