07/17/2008 05:12 am ET Updated May 25, 2011

Reduce Stress: Buy What You Want

Buying overpriced indulgences may feel good in the short term, but you pay the price later. Or at least that's the conventional wisdom.

But a study by a couple of business-school professors says splurging now makes you happier later. Even more surprising: Not splurging now gives you pangs of regret later.

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