There is an epidemic of too much stuff in North American homes. A University of California study recently reported 75 percent of garages could not […]
January is classic for New Year’s resolutions. Although sadly, a good chunk of these are forgotten by February. Research suggests that only 8% of us […]
The end of the year will be here before we know it and we all have some projects we’d like to wrap up before the […]
If someone was to offer us $50 or $100, most of us would gladly take $100. There is nothing quite like a cool, crisp c-note. Same deal applies if someone offers us $50 today versus $100 tomorrow – most of us would choose to wait one day for the higher pay-out.
But as the wait time increases, most of us change our mind. If someone offered us $50 today versus $100 in a year, most would choose $50 today. The dollar difference remains the same, but something about the delayed reward prompts us to choose the immediate pay-out.
Even Kids Find it Hard to Resist Temptation
Not surprisingly, kids are no better off. A rather ‘cold-hearted’ group of Stanford researchers asked children to resist eating a marshmallow right in front of them. They told the children that they would get two marshmallows if they simply waited for 15 minutes. Then the researchers left the room and watched the children squirm. The request proved to be far too tempting for most children who gobbled up the single marshmallow within minutes. […]
We are all bombarded with demands on a daily, almost hourly, basis. Deciding how to prioritize and complete tasks can profoundly impact our productivity and […]