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£50 now or £1,000 in ten years?

20 April 2010

Are you focused on short term or long term cash? Suppose you were offered the following choice (with a rock solid government-backed guarantee that provided you’re still alive you’ll get the cash).

Are you focused on short term or long term cash? Suppose you were offered the following choice (with a rock solid government-backed guarantee that provided you’re still alive you’ll get the cash).

If the alternative was £1,000 in ten years time...select the FIRST you’d be willing to take, (ie if you’d be willing to take £250 rather than wait for £1,000 select that – even though obviously £750 would be better).

Results

A. £10 now.  38 votes (0 %)
B. £50 now.141 votes (2 %)
C. £150 now.339 votes (4 %)
D. £250 now.755 votes (9 %)
E. £500 now.1,644 votes (21 %)
F. £750 now.3,669 votes (46 %)
G. I’d wait to get £1,000 in 10 years' time.1,407 votes (18 %)

                   7,993 votes received.

We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.

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