Delayed Gratification: A Strategy to Curb Over-Spending and Secure A Sound Financial Future
Prairie Eco-Thrifter
JUNE 24, 2012
Apparently, when we are faced with buying decisions, we experience similar hormone activity to the fight or flight mechanism in the body. In economics-speak, this kind of person has a “ flat discount function ,” meaning he values tomorrow almost as much as today and is therefore able to delay gratification. That explains a lot!
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