The financial costs of sadness.

@article{Lerner2013TheFC,
  title={The financial costs of sadness.},
  author={Jennifer S. Lerner and Ye Li and Elke U. Weber},
  journal={Psychological science},
  year={2013},
  volume={24 1},
  pages={
          72-9
        }
}
We hypothesized a phenomenon that we term myopic misery. According to our hypothesis, sadness increases impatience and creates a myopic focus on obtaining money immediately instead of later. This focus, in turn, increases intertemporal discount rates and thereby produces substantial financial costs. In three experiments, we randomly assigned participants to sad- and neutral-state conditions, and then offered intertemporal choices. Disgust served as a comparison condition in Experiments 1 and 2… CONTINUE READING

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