HKS Affiliated Authors
Thornton Bradshaw Professor of Public Policy, Decision Science, and Management
Excerpt
Excerpt
Gratitude: A Tool for Reducing Economic Impatience. Jennifer S. Lerner, March 5, 2014, Paper. "The human mind tends to excessively discount the value of delayed rewards relative to immediate ones, with “hot” affective processes believed to drive desires for short-term gratification. Supporting this view, recent findings demonstrate that sadness exacerbates financial impatience even when the sadness is unrelated to the economic decision at hand (Lerner, Li, & Weber, 2012). Such findings might reinforce the view that emotions must always be suppressed to combat impatience. But if emotions serve..." May require purchase or user account. Link