If I were to offer you $100 today or $120 a week from now, which would you choose? While thought experiments aren’t the same as real-world experiments, if you’re like most people you’d choose the hundred bucks now. That’s the conclusion of a classic study, which found that, when it comes to decision-making, most of us opt for immediate gratification.
Why does this matter? Well, succeeding as an associate in a law firm is all about balancing short-term and long-term rewards and prioritizing time and attention in congruence with one’s personal objectives.
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