New study reveals why waiting for more money can be better!
The article discusses how people make decisions about receiving money over time. The researchers found that when it comes to income streams, it can be better to receive more money later than more money now. This goes against common thinking. They suggest that it's best to calculate the value of different income streams first, and then decide based on that. The traditional way of discounting future money or certainty equivalents may not always give the best results, especially if the time intervals are short.