Time is not money

‘Thinking about it (time) makes you a better person, not a worse one.
“The love of money”, St Paul memorably wrote to his protégé Timothy, “is the root of all evil.” “All” may be putting it a bit strongly, but dozens of psychological studies have indeed shown that people primed to think about money before an experiment are more likely to lie, cheat and steal during the course of that experiment.
Another well-known aphorism, ascribed to Benjamin Franklin, is “time is money”. If true, that suggests a syllogism: that the love of time is a root of evil, too. But a paper just published suggests precisely the opposite.
Those primed with money words cheated more often than those primed with neutral words and far more often than those primed with time words. But whether someone cheated was also related to how strongly he felt about the self-reflective statements presented to him in the questionnaire.
It seems, then, that thinking about time has the opposite effect on people from thinking about money. It makes them more honest than normal, rather than less so. Moreover, the more reflective they are, the more honest they become. There must be an aphorism in that.’

From:  The Economist

This entry was posted in Finance, Motivation, Personal, Spirituality. Bookmark the permalink.

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