Scott Huettel (Duke) and colleagues study saving decision and behavior
"Money-savers focus attention -- and eyes -- on the prize" - EurekAlert. 2/25/2019.
"Patient people are not doing more analytic work," said Scott Huettel, a Duke psychology professor who co-authored the study. "They actually make these decisions the fastest.
"It's the opposite of an effortful process."
U.S. personal savings rates are at historic lows, so understanding what influences saving behavior is important. The authors said they hope their findings could help suggest better ways to improve financial literacy.