This reminds me of a post on HN recently stating that the theory of adaptation of happiness is really just a myth. Fortunes and misfortunes do have long-term co

This reminds me of a post on HN recently stating that the theory of adaptation of happiness is really just a myth. Fortunes and misfortunes do have long-term consequences, whether we like to it or not. Of course, while living or consoling misfortunes, we must not think like this. But to disregard the amenities provided by a purchase of an object and advocate purchase of an experience sound ill-formed. I love the fact that I have an iPhone, a computer, and my contacts. I wouldn't exchange my iPhone for a 2G phone; I feel I would feel more unhappy with the loss of productivity. Memory of an experience may have a more permanent impact on your happiness than things. But choosing an experience should come after assessing how essential the things you are thinking about buying are. And every time you purchase something, you are really just making a bet.