2min chapter

Finding Mastery with Dr. Michael Gervais cover image

Frameworks for Better Decision Making | Dr. Eric Johnson

Finding Mastery with Dr. Michael Gervais

CHAPTER

If I Need 50 Dollars Now, I Take It Now.

If i need 50 bucks, i take it now. Right? Even among my columbia mba students, who presumably have some resources, about half of them pick the 50 dollars now. The calculus for larger later is based on what it's basy saying that if you gave up the ad advantage of of the 60 larger later, the 60 dollars, is that you will have more money. So people choose the or sooner, right? At a higher rate. When larger later.

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