Financial Psychology: The Effect Of Delayed Gratification
by SavvyRoo on Sep 8, 2015 | Views: 162 | Score: 0
Take the smaller amount today | Wait for the larger amount | |
---|---|---|
$5 today or $10 next week | 26 | 74 |
$5 million today or $10 million next year | 46 | 54 |
% of Americans that, if given the choice to get money without doing anything, would...
%
Sources:
today.yougov.com
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.