“The notion that experiences, rather than material possessions, increase happiness has grown over the past decade. After basic needs are met, material possessions no longer improve a personâ€™s happiness, according to researchers.
Psychology professors Leaf van Boven, University of Colorado, and Thomas Gilovich, Cornell University, reported, â€œIndividuals will live happier lives if they invest in experiences more than material possessions â€¦ communities will have happier citizens if they make available an abundance of experiences to be acquired.â€
Following their 2003 research findings, dozens of papers have been published on the subject, as well as articles and books for the general public. The New York Times recently ran a lengthy feature on the research, and author and life-coach Joe Robinson released, Donâ€™t Miss Your Life, a book exploring the benefits of â€œparticipant experiences.â€
Wustrack and Carey hope to tap into the wave of interest by turning the experience bazaar into an online marketplace on their website Curiosity Atlas.”
Shareable reports on a new trend of people exchanging experiential gifts â€“ classes, tickets or certificates for new, hands-on experiences.