# Prof. Tom Meyvis' research on the impact of purchases on happiness

1 January 25, 2013 US News & World Report ![U.S. News and World Report logo](/sites/default/files/styles/246w/public/assets/images/con_030501.jpg?itok=1EF-s0wb)>

Excerpt from [US News](http://health.usnews.com/health-news/news/articles/2013/01/25/people-overestimate-the-happiness-new-purchases-will-bring) -- "'People tend to overestimate how much events and experiences will affect their happiness in the long run,' [Meyvis](http://www.stern.nyu.edu/faculty/bio/tom-meyvis) said. 'In the long term, it doesn't matter. You go back to your baseline level of happiness.'"

[Read more](http://health.usnews.com/health-news/news/articles/2013/01/25/people-overestimate-the-happiness-new-purchases-will-bring)