Science Daily Feb. 19, 2013 – Would you prefer $120 today or $154 in one year? Your answer may depend on how powerful you feel, according to new research in Psychological Science, a journal of the Association for Psychological Science.

Many people tend to forego the larger reward and opt for the $120 now, a phenomenon known as temporal discounting. But research conducted by Priyanka Joshi and Nathanael Fast of the University of Southern California Marshall School of Business suggests that people who feel powerful are more likely to wait for the bigger reward, in part because they feel a stronger connection with their future selves.

— Click through to this interesting article …

One thought on “Powerful People Look out for Their Future Selves

  1. Whilst I understand the article and the science behind, especially regarding their strong sense of self, there is another way of observing it which is purely commerial, which also deals with their sense of self. A person could take the $120 now knowing full well that they could turn that money into more than $154 in 12 months time. They have the self belief and are willing to back themselves knowing that they could turn that $120 into $1020, $2020 or anything else they want. Its just another way of looking at it.

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