Battle between our present self and future self

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TEDTalks: Daniel Goldstein--The Battle Between Your Present and Future Self Daniel Goldstein talks about the battle between our "Present Self" and "Future Self," saying it is difficult to save money for the future when we have a hard time imagining what our future might be. He tests a theory of helping people visualize the future with virtual aging and pictures of where you might live. TEDTalks: Shlomo Benartzi--Saving for Tomorrow, Tomorrow Shlomo Benartzi explains behavioral finance and how there are some concepts that prevent us from saving. He talks about loss aversion and inertia. After watching these videos, discuss and respond to the following questions with your peers throughout the week: What are two to three main points or "take-aways" from both videos? What did you find most interesting? How do you think these ideas apply to your life? Have you tried a "commitment device" or considered one? What changes to your current saving strategy may happen from what you learned?

Reference no: EM132203571

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