
If I offered you $100 US today or $150 Us dollars in 12 months, which would you take? Believe it or not – your answer to that question may separate you into the truly intelligent, or land you into the not-so-smart-set among us. How so? ![]()
Check out researchers Dohmen, Falk, Huffman, and Sunde’s findings from the University of Bonn and the Institute for the Study of Labour (Institut zur Zukunft der Arbeit, IZA) asked 1000 German adults to make the choice between 100 euros today or 150 euros in one year.
Simultaneously, scientists measured mental abilities of each participant, using two different tests to show cognitive ability. The result?
They discovered that more intelligent people selected to wait for a higher return in one year, while less intelligent people requested their money now.
Interestingly, this is the first reported research that shows the connections between intelligence and patience in financial decisions. In addition, it became obvious to researchers that a person’s willingness to take financial risks - also increased with higher intelligence.
What did you say your decision was about the $100 or $150 gift again…?











I could not gain $50.00 in interest so I think waiting is the best option... :-)
Posted by: Robyn McMaster | July 7, 2007 4:24 PM | Permalink to Comment