Armed With Information, People Make Poor Choices, Study Finds

http://www.sciencedaily.com/releases/2010/03/100331091138.htm

ScienceDaily (Mar. 31, 2010) — When faced with a choice that could yield either short-term satisfaction or longer-term benefits, people with complete information about the options generally go for the quick reward, according to new research from University of Texas at Austin psychologists.

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However, subjects who were given full and accurate information about what they would have to give up in the short term to rack up points in the long term, chose the quick payoff more than twice as often as those who were given false information or no information about the rewards they would be giving up.

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