Gift-giving can be an art form. The perfect gift can make someone feel better or improve their relationship. It’s possible to correct the wrongdoing and remind someone that you care.

Psychologists have been fascinated by the concept of gifting for a long time. It is a window into many human traits, including how we view others and assign value to them. It also provides insight into our decision-making skills, empathy, and decisions.

Humans are extremely social creatures. Our unique ability to form and maintain relationships with others is one of our most remarkable characteristics. Daniel Farrelly, a University of Worcester psychologist, stated that gift-giving around holidays and graduations could help strengthen these relationships.

Gifting can also be a very profitable business. The US expects consumers to spend $942 on Christmas this year, up from $885 in 2018. Expectations are that the total gift spending will exceed $1 trillion. Making a mistake can lead to costly consequences.

Regardless of the occasion, gift-giving is a social custom that requires thoughtfulness and consideration. So there are rules? We spoke to experts to help us develop a guideline for gifting. Continue reading for five essential tips.

Don’t add a small gift to a large one.

Do you feel tempted to tie your shirt with a fancy tie? A grand cru champagne bottle might be adorned with flowers. Don’t. Don’t.

This phenomenon, known as “Presenter’s Paradox”, was first discovered in a 2012 study. Participants received either an iPod or an iPod that contained a single song free of charge. The iPods that included a free song were worth 20% more than those without. Participants were asked to select the option they would like to gift. Participants chose the one that included the download. When it comes to gift-giving, sometimes less is better.

Imagine gifting someone expensive wine in plastic cups. This instantly devalues your gift. Farrelly explained that people couldn’t think rationally or economically about such matters.

Gifts that are experiences and not objects.

The iPhone 5S quickly becomes obsolete. Memories that last a lifetime will be made when you go on a dream vacation or see your favorite artists in concert. Experiences are more carefully planned and leave lasting memories. Farrelly said that while we may recall the tablet that a friend or loved one gave us, it is not as vivid as our two-week vacation in Florida. “Memories and emotional attachments to objects are more important than physical objects span>

This is how you choose an experience over a physical object. Thomas Gilovich (Research) supports this idea. He is a psychologist who discovered that doing more happiness than having.

Experiences can make the days and weeks leading up to the more fun.

Gift certificates are acceptable.

Gift-giving can lead to waste. Joel Waldfogel (economist and author of “The Deadweight Gains of Christmas”) said that gift-giving could be wasteful.

He explained that gift-giving differs from buying gifts for ourselves. We can spend $10 on something worth $10 to the recipient. It could be worth nothing .”

Think like the recipient

Let’s make it simple: Purchase items your receiver would buy for themselves. Although this may sound obvious, it is not as common as we would like. Gifts can joke about or encourage others to improve on the recipient.

It’s best to ask yourself, “What would YOU like?” before deciding.

Waldfogel said that family members have conversations about what gifts they want.

Spend more time with other people than you spend on yourself

The last rule is very simple: Give the gift of generosity. According to a study, giving money to someone can bring you happiness. A loving gift you give someone can help bring you happiness and lasts longer than money.

Taking good care of your body is important, but there are many other benefits to showing kindness to others.

Remember that the gift of giving is what matters most, even if all else fails. Farrelly said, “Why You Are Giving Gifts… Most people don’t want to spend much money (on) them.” They want to be remembered .”

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