SELF-CONTROL ON INSTANT BENEFITS DETERMINES FUTURE EARNING
If you have self-control over the desire to get instant beneits, then you are more likely to earn higher income later, inds a study. Researchers from Temple University in Pennsylvania, US, used artiicial intelligence to rank the most important determinants of future afluence. They found education and occupation were the best predictors. But, people with greater self-control to delay instant gratiication or with the ability to discount the value of future rewards compared to immediate ones, were more likely to have higher salaries later in life, beating age, race, ethnicity and height, said researchers. “If you want your child to grow up to earn a good salary, consider instilling in them the importance of passing on smaller, immediate rewards in favour of larger ones that they have to wait for,” said lead author William Hampton from the University of St Gallen in Switzerland.
The study collected a large amount of data — from more than 2,500 diverse participants — and split them into a training set and a test set.