Joe Pinsker
speaker
1,247 appearances
30 recordings
1 series
first heard Oct 2022
last heard Jan 2025
Joe Pinsker’s voice in public audio — every appearance, attributed to the second.
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Appearances
If you look at the data from the Bureau of Labor Statistics, the cost of admissions and fees for entertainment have been rising faster than the cost of many staple goods.
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This will come as no surprise to people who wanted to see their favorite musician come through on tour and were looking at paying hundreds of dollars for some of the least desirable seats in the stadium.
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It's making people more attuned to whether the experience they're having is really worth it.
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When you've sunk a lot of money into something, maybe more than you would have wanted to, it might make you more likely to ask yourself how much fun you're really having when you're at that concert or that sports game or what have you.
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A great example of that would be a woman in Austin, Texas who I spoke with recently named Issa Jones.
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She's been going to the same music festival for years.
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And this year she paid $375 for a three-day pass to the festival.
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She remembers paying less than half of that when she attended more than a decade ago.
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Issa loves live music, but this year at the festival she just told me that she had this realization that she didn't seem to be getting her money's worth.
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It didn't feel like $375 worth of fun.
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I naturally asked her how much fun she actually had, and she estimated that it was more like maybe $200 worth.
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Yeah.
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When things have a really high price, it can get people into this mindset of assessing, am I getting $200 of fun out of this, $300?
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Where am I?
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People might initially think that an experience is not really a great use of money because it's like a one-time thing, whereas when you buy a material good, it might last years or decades.
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But researchers have looked at the fulfillment that we get out of our purchases, and experiences have a bunch of advantages.
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One of the biggest is that experiences tend to come with social benefits.
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So good social relationships make us happy and going to a concert or a sports game are often things that we do with others.
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And that's an in-the-moment benefit, but then there are also these longer-term social benefits to experiences as well.
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They tend to generate memories and you can talk about them with other people even long after they've ended.
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Showing 861–880 of 1,247 · page 44 of 63
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