😊 Chapter Two Prosocial spending and buying time Money as a tool 💘

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Chapter Two Prosocial spending and buying time Money as a tool

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1 août 2016 · Time and money are precious resources that — managed well — can increase happiness. • Focusing on time leads to greater happiness than focusing on money. • Spending time and money on others versus on oneself increases happiness. • Spending money to acquire experiences versus possessions increases happiness. •. 1 août 2016 · The emerging work suggests two critical takeaways: happiness may be less contingent on the amount of each resource available and more dependent on the extent to which people focus on each resource — and, perhaps even more so, on how people choose to spend their time and money. 1 avr. 2019 · In this article, we present recent findings about how the economic equivalence of time and money does not translate to psychological equivalence. We also discuss the consequences of time–money differences for several domains: consumer search, happiness, product evaluation, and charitable giving. Economic equivalence between time and money. 1 mars 2024 · The understanding of time espoused by Franklin focuses narrowly on the economic opportunity costs of time (i.e., in terms of money). Thus, it prescribes maximizing time's value in a way narrowly focused on monetary acquisition, which differs from attempts to maximize the enjoyment and happiness of experiences. 1 nov. 2016 · Being compensated for one's time resulted in increased enjoyment, and decreased impatience while listening to the pleasant music for those in the “time is money” mindset. These findings suggest that thoughts relating to time and money can affect how people experience pleasurable events. 1 nov. 2016 · In a series of recent experiments, DeVoe and House (2024) demonstrated that thinking about one's income in relation to time (i.e., as an hourly wage) reduced the happiness that participants derived from pleasurable experiences. 1 avr. 2019 · Time and money are often seen as economically comparable resources. • We discuss research showing psychological differences between time and money. • These psychological differences have implications for many consumption domains. Consumers are known to spend both time and money. 1 avr. 2019 · Heuristic versus systematic. Time (versus money) is associated with decision making that is more heuristic rather than systematic. Consumer search. More heuristic decision making for time (versus money) leads to stronger anchoring and compromise effects in search behavior. 1 juin 2019 · Results show that donation type, time versus money, differentially influence consumers' attitude toward the firm via serial mediation. Specifically, corporate donations of time (compared to money) lead to higher levels of perceived effort, which then induce more altruistic motive attributions. We also find that the effect of donation. 1 avr. 2019 · Despite time and money being seen as economically comparable resources, we highlight research revealing that the two are psychologically different. The differences that we discuss have consequences for domains such as consumer search, happiness, product evaluation, and charitable giving. 1 oct. 2015 · As the effects of outcome magnitude (small versus large stakes) and resource context (time versus money) are cleanly disentangled in the current set of studies, we are thus able to provide thorough insights into how individuals make decisions under risk for time versus monetary outcomes.