The Diderot Effect: Balancing Desire and Overspending
How New Possessions Can Lead to Overspending and How It Can Be Helpful Also - Issue #164
The Diderot Effect is a phenomenon that occurs when acquiring a new possession leads to a spiral of consumption, resulting in the acquisition of even more possessions.
In other words, buying something new can trigger a chain reaction of buying more things, as the new item makes you feel like you need other things to go with it or to keep up with it.
This…