2024
DOI: 10.1002/bdm.2376
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The Aptly Buried “I” in Experience: Experiential Purchases Promote More Social Connection Than Material Purchases

Amit Kumar,
Thomas C. Mann,
Thomas Gilovich

Abstract: Experiential purchases (focused on doing rather than having) provide more satisfaction than material goods. Here, we examine a different downstream consequence of spending money on experiences: fostering social connection. Consumers reported feeling more kinship with someone who had made a similar experiential purchase than someone who had made a similar material purchase—a result tied to the greater centrality of experiences to one's identity. This greater sense of connection that experiences provide applied … Show more

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