Luisa and Miguel have been working in the banking industry for more than 10 years. As their joint income has​ risen, they have begun to prefer spending their discretionary funds on additional​ experiences, as opposed to additional possessions. For​ instance, this year they chose to spend money on skydiving rather than replacing their outdated living room furniture. Psychological researchers are finding this approach to spending more and more prevalent among consumers and agree that this theory fits well with the study of​ _______ as an influence on​ consumers' choices.

Luisa and Miguel have been working in the banking industry for more than 10 years. As their joint income has​ risen, they have begun to prefer spending their discretionary funds on additional​ experiences, as opposed to additional possessions. For​ instance, this year they chose to spend money on skydiving rather than replacing their outdated living room furniture. Psychological researchers are finding this approach to spending more and more prevalent among consumers and agree that this theory fits well with the study of​ _______ as an influence on​ consumers' choices.

Luisa and Miguel have been working in the banking industry for more than 10 years. As their joint income has​ risen, they have begun to prefer spending their discretionary funds on additional​ experiences, as opposed to additional possessions. For​ instance, this year they chose to spend money on skydiving rather than replacing their outdated living room furniture. Psychological researchers are finding this approach to spending more and more prevalent among consumers and agree that this theory fits well with the study of​ _______ as an influence on​ consumers' choices.



Answer: hedonic consumption


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