Sunday, 22 May 2016

Children with weak future planning are more likely to be involved in crime

Children with weak future planning are more likely to be involved in crime

If you were asked whether you’d prefer to be given $140 today or $1400 in five years' time, the smart answer is obvious. But immediate cash can be really tempting: perhaps you have expensive car repairs looming or you want to buy a gift for someone—that $140 would do the trick. It can be easy to justify cheating your future self out of $1260 in the face of instant gratification. The tendency to ignore or discount the value of a future benefit is called "time discounting." Plenty of research suggests...
Read more: http://snapzu.com/baron778/children-with-weak-future-planning-are-more-likely-to-be-involved-in-crime

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