Friday, April 29, 2011

The "Peak-End Rule"

Plotting the perfect getaway? To get the most pleasure out of your vacation, spend your money on experiences instead of an extra day.

When it comes to getting the most out of your vacation, how long you go away for matters less than how you fill your days. According to behavioral economist Tom Gilovich, PhD, of Cornell University, you will get the biggest bang for your buck by spending your money on an amazing experience rather than an extra day at your location.

It has to do with something called the "peak-end rule." When reflecting on how good a time we had, we’ll remember two things: the most intense moments and the last day. That’s why he recommends splurging on an unforgettable experience, like a helicopter ride, surfing lessons or dinner at your favorite celebrity chef’s restaurant. Then, be sure to do something special on the last day or evening before you head home.
The more fun you have on your vacation, the better you’ll feel when you return home. Taking time off from work or at-home responsibilities helps us recuperate, so we can return to our daily lives with less stress and renewed vigor.

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