“Present bias,” a phenomenon that makes us crave immediate gratification at the expense of even greater rewards later on.
People tend to spend more money when they are blue, whether it’s treating yourself to an elegant dinner after a tough day or picking up a new outfit during a nasty breakup. Harvard University researchers looked in the the anecdotal evidence and found that feeling down can take a serious toll on your wallet.
Continue reading… “Unhappiness leads to bad financial decisions: Study”
