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	<title>MyHappy &#187; psychology</title>
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	<description>Where the science of happiness meets ancient wisdom</description>
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		<title>How much do you spend on retail therapy?</title>
		<link>http://www.myhappy.com/article/2008/05/07/how-much-will-you-spend-on-retail-therapy/</link>
		<comments>http://www.myhappy.com/article/2008/05/07/how-much-will-you-spend-on-retail-therapy/#comments</comments>
		<pubDate>Wed, 07 May 2008 07:01:04 +0000</pubDate>
		<dc:creator>jane</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Featured Articles]]></category>
		<category><![CDATA[Science]]></category>
		<category><![CDATA[experiments]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[psychology]]></category>
		<category><![CDATA[shopping]]></category>

		<guid isPermaLink="false">http://www.upbe.com/article/2008/05/07/how-much-will-you-spend-on-retail-therapy/</guid>
		<description><![CDATA[I often enjoy reading &#8220;Harper&#8217;s Index&#8221; from Harper&#8217;s Magazine, and while reading the May 2008 issue, there were two interesting statistics concerning happiness:&#8221;Average amount that a sad person was willing to pay for â€˜a sporty, insulated water bottle&#8217; in recent study: $2.11; Average amount that a happy person was willing to pay for the same [...]]]></description>
			<content:encoded><![CDATA[<p>I often enjoy reading &#8220;Harper&#8217;s Index&#8221; from Harper&#8217;s Magazine, and while reading the May 2008 issue, there were two interesting statistics concerning happiness:&#8221;Average amount that a sad person was willing to pay for â€˜a sporty, insulated water bottle&#8217; in recent study: $2.11; Average amount that a happy person was willing to pay for the same item: $0.56&#8243; (Harper&#8217;s May 2008).</p>
<p>On April 19, 2008, NPR&#8217;s show All Things Considered reported on this very study in their &#8220;Science out of the Box&#8221; segment. At Carnegie Mellon University in Pittsburg, Pennsylvania, psychology doctoral student Cynthia Cryder conducted an experiment exploring how people&#8217;s emotions affect how they spend money. One group of students at Carnegie Mellow viewed a scene from the movie The Champ in which a young boy weeps over the dead body of the boxer &#8211; the &#8220;champ&#8221; in the movie. This movie is considered a classic way to induce sadness in psychology experiments. After watching the scene, the students then wrote an essay about how they would feel if they lost a mentor. A second group of students saw a much more neutral movie giving factual information about coral reefs. They also wrote an essay; however, this essay concerned the students&#8217; daily routine and activities. Both groups were paid $10 for their time and then were informed that they could purchase &#8220;an insulated, sporty water bottle&#8221; with some of their earnings. The people who saw the sad movie would pay an average of $2.11 for this rather mundane object. Those who viewed the neutral movie were willing to pay only about $0.56! This difference is an increase of almost 300%, Cryder commented.</p>
<p>It seems undeniable that unhappiness is a driving factor in making people spend more money on commonplace things. However, Cryder also noted that the essays written by the people who viewed The Champ used many more self-centered terminology such as &#8220;I,&#8221; &#8220;me,&#8221; and &#8220;myself.&#8221; This concentration on the self is &#8220;a necessary condition for the influence of sadness to carry over to our decisions,&#8221; explained Cryder. These findings will be presented in an article in the Journal of Psychological Science in the June 2008 issue.</p>
<p>However, Nicholas Epley from the University of Chicago, who has researched the spending of tax rebates, questioned whether &#8220;retail therapy&#8221; actually helps to improve mood. Does shopping and purchasing things make people happier? He wonders if it alters their &#8220;initial mood motivation.&#8221;</p>
<p>Personally, I do believe that a little shopping can increase someone&#8217;s mood, as it sometimes does mine, although I will certainly be more aware of how much I am spending thanks to this study. Moderation is certainly key. My cousin and I both regularly go shopping when feeling a little blue. I do often try to buy something for someone else rather than for myself; however, I do not always succeed in this endeavor. My mother believes that a little retail therapy is always necessary when on vacation.</p>
<p>For me, the question still remains of why do we buy things when sad? and from where does the shopping motivation come and why are we willing to spend more?</p>
<p>http://www.npr.org/templates/story/story.php?storyId=89761759</p>
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