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Glutton for punishment
Old 01-05-2014, 09:56 AM   #1
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Glutton for punishment

There's an article in today's NYT on behavioral finance that may be of interest to the forum, especially those who love chocolate or are suffering from OMY syndrome. Basically, the more participants "earned" in chocolate, the more they accumulated even if they expected that they wouldn't eat the chocolate and would forfeit it.

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Old 01-05-2014, 11:09 AM   #2
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Sounds like hoarding.

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Old 01-05-2014, 11:22 AM   #3
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Originally Posted by pb4uski View Post
Sounds like hoarding.


Look around, there may be some money hoarders on this very site.
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Old 01-05-2014, 12:34 PM   #4
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Hey! Loving money as I do, I am willing to spend 3.5% WR and have been doing that. Am I a hoarder or not?
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Old 01-05-2014, 01:22 PM   #5
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NYT, just sayin................
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Old 01-06-2014, 01:49 PM   #6
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Sounds interesting, but the link doesn't work for me. Also, without a NYT subscription, I can't go find it. Oh, well...
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Old 01-06-2014, 02:00 PM   #7
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A different link: The title of the article is You Can’t Take It With You, but You Still Want More

All work and no play may just be a result of “mindless accumulation. So say scholars behind research, published in the journal Psychological Science in June, that shows a deeply rooted instinct to earn more than can possibly be consumed, even when this imbalance makes us unhappy.
They correlate this to working and money, saying people accumulate far more than they need.
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Old 01-06-2014, 02:32 PM   #8
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That link works, thank you.

Interesting study. They acknowledge that the real world is a bit more complicated but it probably demonstrates the principle at least for some people.

I heard the call to do nothing. So I answered it.
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