Tag Archives: delay of gratification

Perceived Personal Power Can Modify Time Perception, Perceived Stress

Alice Moon

Alice Moon

People’s subjective experience of time differ based on individual characteristics, which can influence feelings of control over time and coping with time demands.

Serena Chen

Serena Chen

University of California Berkeley’s Alice Moon and Serena Chen evaluated more than 550 volunteers’ ratings of their perceived personal power and their perspectives on available time to accomplish goals.

Moon and Chen asked more than 100 participants to assume the role of a “manager” while sitting in a “high-power chair,” or the role of an “employee” while both groups rated their perceived personal resources of time and power.
Participants who played the more powerful role of “manager” reported that they had more time than “employee.”

Moon and Chen also primed more than 100 American adults to think of themselves in high-power or low-power positions, and asked them to rate statements about availability of time to achieve goals.

Even when participants did not actually have more available time, those who felt most powerful perceived greater control over their time, and greater time availability.
This is another example of the power of expectation exceeding the importance of an actual resource, competency, or experience.

Mario Weick

Mario Weick

These findings support other reports that managers experience less stress than subordinates in organizations, attributable to their “position power.”

Ana Guinote

Ana Guinote

People who feel powerful tend to hold a significantly optimistic bias when predicting time required to complete task, reported University of Kent’s Mario Weick and Ana Guinote of University College London.

They attributed this unrealistic optimism to
confident belief in personal self-efficacy accompanying subjective feelings of power in their evaluation of:

  • Actual power and time perception,
  • Induced feelings of power through priming,
  • Pre-existing personal self-perceptions.
Priyanka D. Joshi

Priyanka D. Joshi

This “planning fallacy” of underestimating task completion time often results from a narrow focus on the goal, coupled with the optimism bias that obscures potential obstacles and risks.

Nathanael Fast

Nathanael Fast

Likewise, people who feel powerful also tend to feel more confident about the future, more aware of their “future self,” and more willing to wait for longer-term rewards, found University of Southern California ’s Priyanka D. Joshi and Nathanael J. Fast.

Specifically, participants assigned to high-power roles and to power priming instructions were less likely to display temporal discounting, or choosing smaller short-term rewards over larger goals that require a longer waiting period.

This suggests that people who feel powerful have a sense of abundance in other domains, including time and money.
As a result, feeling powerful enables people to forego current rewards, “delay gratification,” and make present investments to achieve potentially larger longer-term pay-offs.

-*How do you increase your personal experience of power and time perspective?

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Gratitude Increases Financial Patience, Investment Earnings

Jennifer Lerner

Jennifer Lerner

Emotions affect personal financial decision-making, and negative emotions like anger and fear can lead people to make either risky or conservative financial choices, according to Harvard’s Jennifer Lerner.

David DeSteno

David DeSteno

With Northeastern University’s David DeSteno, Leah Dickens, University of California Riverside’s Ye Li, Lerner and Columbia University colleague Elke Weber noted that sadness increases impatience and leads to “myopic misery” – focus on immediate gain instead of more profitable longer-term options.

Leah Dickens

Leah Dickens

Lerner and team analyzed participants’ payoff choices when they were in an induced sad state or a neutral emotional condition compared with disgust as a control state.

Ye Li

Ye Li

On average, sad-state participants accepted between 13% and 34% less money to receive a payoff immediately (“present bias”) instead of waiting 90 days for a larger payment, confirming that induced sad feeling led to preference for immediate reward and less patience for a better but more distant payoff.

Elke Weber

Elke Weber

However, these sad volunteers were not more impatient in other generalized areas, suggesting that this effect focuses on impatience for rewards.
In contrast, the negative emotion of disgust did not result in greater impatience, pointing to the specific impact of sad feelings on payoff choices.

Cynthia Cryder

Cynthia Cryder

In a related study, Lerner and team evaluated the impact of induced positive emotions: Happiness and gratitude.
Again, participants could select a smaller, immediate payoff or larger payout later.

Induced gratitude enabled most volunteers to negotiate larger immediate rewards in exchange for giving up a larger, but more distant payment: “…the mean grateful participant required $63 immediately to forgo receiving $85 in three months, whereas the mean neutral or happy participant required only $55 immediately.

James Gross

James Gross

This trend was replicated in other studies by Lerner, Li, and Weber, who reported that average sad-mood participant was willing to accept $4 today instead of $100 in a year, whereas the average neutral-mood volunteer required more than four times as much$19 today to forego $100 in a year.
Another study estimated that sad volunteers accepted between 35% and 79% less money immediately instead of waiting for a future payoff.

Ronald Dahl

Ronald Dahl

This ”misery is not miserly” effect is influenced by the degree of “self-focus” or attention to personal impact in  an observed situation.
When volunteers were primed to focus on their personal reactions while experiencing induced sadness, they gave up more money to acquire a commodity compared with people who had neutral emotions or neutral self-focus, according to Lerner with Washington University’s Cynthia E. Cryder, James J. Gross of Stanford, and University of Pittsburgh’s Ronald E. Dahl.

Gratitude moderates “economic impatience” and suggests that affect-based interventions can help investors enhance financial decision making.

-*How do you manager the impact of transient emotional states on financial decision-making and risk-taking?

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“Grit” Rivals IQ and EQ to Achieve Goals

Emotional intelligence has been demonstrated to be a better predictor of achievement and performance than measure of intelligence. 

Angela Duckworth

Angela Duckworth

One important component of Emotional Intelligence (EQ) is perseverance, the consistent, sustained and focused application of talent and effort over time, University of Pennsylvania’s Angela Duckworth.  

Christopher Peterson

Christopher Peterson

She refers to this perseverance and passion for long-term goals as “grit” in her research with West Point cadets and Scripps National Spelling Bee contestants, in collaboration with University of Michigan’ Christopher Peterson and Michael Matthews and Dennis Kelly of United States Military Academy, West Point.

Grit was not related to IQ but was highly correlated with “Conscientiousness,” a personality trait described in the Five Factor Model of Personality.
It was also a better predictor of “success” as measured by retention at West Point, and advancement in the National Spelling Bee.

Michael Matthews

Michael Matthews

In addition, “grittier” participants:

  • Achieved higher levels of education
  • Had fewer job switches and career changes
  • Earned higher school grades than their peers, despite having lower standardized test scores measuring intelligence and achievement
  • Devoted more hours to deliberate practice (defined as individual word study and memorization for spelling bee contestants).
Teri Kirby

Teri Kirby

K. Anders Ericcson

K. Anders Ericcson

The most effective deliberate practice was rated as the least pleasurable, and “grittier” individuals did more of this effort in Duckworth’s expanded study with Teri Kirby, Eli Tsukayama, Heather Berstein,  then of Penn with K. Anders Ericsson of Florida State University.

Heather Berstein

Heather Berstein

Practice activities rated as more pleasurable and less effortful, like reading for pleasure, being quizzed by their parents, contributed less to spelling performance.

Paul Tough

Paul Tough

Parents and educators found responded enthusiastically to Paul Tough’s popularized summary of “grit” research in his book advising parents and teachers how to help young people develop grit, curiosity, conscientiousness, and optimism.
He “gritty” attributes highly correlated with successful academic and career performance.

Duckworth expanded the investigation of grit to include “explanatory style”, seen in individuals’ propensity to explain events from optimistic or pessimistic perspectives.
Explanatory style is evaluated according to whether the individual considers event causes as:

  • Personal (Internal vs. External cause or influence)
  • Permanent (Stable vs. Unstable)
  • Pervasive (Global vs. Local/Specific)

Optimistic explanatory style is characterized by external, unstable, local / specific explanations, whereas pessimistic styles include internal, stable, global attributions.

Duckwork and team found that novice teachers with more optimistic explanatory styles rated themselves higher in both grit and life satisfaction, and these high ratings were associated with better work effectiveness, as evaluated at the end of the school year.

Eli Tsukayama

Eli Tsukayama

Katherine Von Culin

Katherine Von Culin

Her students, Katherine Von Culin and Eli Tsukayama “unpacked” grit and found different difference in motivation and beliefs for grit’s two components:  perseverance vs passion.
Among more than 300 volunteers, they found that perseverance and passion had different meaning, pleasure, and engagement orientations to happiness and implicit beliefs about willpower.

Carol Dweck

Carol Dweck

The research team is evaluating the relationship between “grit” and “growth mindset,” introduced by Stanford’s Carol Dweck to signify viewing failures and setbacks as opportunities to learn and improve, rather than a permanent lack of ability.

ell

ell

Dweck, with Lisa Blackwell, then of Columbia and University of Western Ontario’s Kali Trzesniewski demonstrated the impact of growth mindset and positive explanatory style on school motivation and achievement.

In addition, Duckworth and team are considering ability to delay gratification as a component of grit, since it has been associated with greater self-control and life accomplishment.

More grit may not always lead to greater accomplishment.
Duckworth and team speculate that grittier individuals may be:

  • More vulnerable to the “sunk-cost fallacy
  • Less open to information that contradicts their present beliefs
  • Handicapped by judgment and decision-making biases
  • Likely to new opportunities because they are tenaciously focused on the original goal.
Emilia Lahti

Emilia Lahti

Duckworth‘s colleague at Penn, Emilia Lahti is leading research on grit’s Finnish cousin, “Sisu,” implying perseverance, bravery and stamina, and should report her findings by the end of 2013.

Assess your “grittiness” with the research team’s survey.

-*How accurately does your score reflect your view of your grittiness, perseverance?

-*How do you develop grit in yourself and others?

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