Episode 132: Emotional Willpower (with David DeSteno)
Very Bad Wizards
00:00
The Importance of Compassion in Financial Decisions
Economists often use rationality to mean just self-interest, right? And sometimes they even mean short term self-interest. So if we make people feel grateful in this, when they're doing those financial decisions, what you do is you double their patience,. It'll take for them, you know, over $30 before they're willing to forego the future reward. David: I totally buy that it's being more successful, requires that you invest in relationships. But that's a different question.
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