The Best Gifts

Posted last year by Tyler Cowen at The Marginal Revolution:

Experiences, not possessions. Concerts and travel are remembered for longer than clothes and jewellery. The result is robust to different ages and groups, but tends to be strongest for high-income individuals. Here is the full story, here is another summary. Here is the original paper. The home page of Van Boven, one of the researchers, offers many interesting papers on human psychology.