Christmas: Should I Buy a Physical Gift or an Experience? Which is Better?

Christmas will soon be upon us. Therefore, many of you will be thinking to yourself: What present should I get for a loved one? Would it be better to give a physical gift, a thing, or perhaps an experience? Research published in the Journal of Consumer Research answers that question. The research has found that experiential gifts produce greater improvements in relationship strength than material gifts, regardless of whether the gift-giver and recipient consume the gift together. The researchers Cindy Chan and Cassie Mogilner found that the relationship improvements that recipients derive from experiential gifts stem from the intensity of emotion that is evoked when they consume the gifts, rather than when the gifts are received. "The reason experiential gifts are more socially connecting is that they tend to be more emotionally evocative," says Chan, an expert on consumer relationships. For example, most people can relate to the experience of thinking of a particular piece...