Financial Psychology: The Effect Of Delayed Gratification


by SavvyRoo on Sep 8, 2015 | Views: 76 | Score: 0
Take the smaller amount todayWait for the larger amount
$5 today or $10 next week2674
$5 million today or $10 million next year4654
% of Americans that, if given the choice to get money without doing anything, would...
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SavvyRoo
SavvyRoo on Sep 8, 2015 12:36 PM said:

Are you looking for instant gratification, or do you have the patience for a delayed payoff? Interestingly, the answer to that question largely depends on what is being offered. When dealing with smaller amounts of money, the vast majority of Americans are willing to wait a little while for the larger reward. When the stakes increase dramatically, however, nearly half of the American public elects the option of instant gratification.