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Would you rather get £100 now, or £1000 in 366 days? Watch

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  • View Poll Results: Would you rather get £100 now, or £1,000 in 366 days
    £100 now
    5
    4.81%
    £1,000 in 366 days
    99
    95.19%

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    £1000 in 366 days as the £100 isn't really needed atm
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    26 - 1



    exactly as expected
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    (Original post by Kyx)
    26 - 1



    exactly as expected
    Surely it depends on how much is being offered? To many students, 1000 is a decent amount of money. However, if it was £100 being offered in 366 days and £10 now, I wonder how many people would wait a full year to get the 100 pound.
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    (Original post by AlifunArnab)
    Surely it depends on how much is being offered? To many students, 1000 is a decent amount of money. However, if it was £100 being offered in 366 days and £10 now, I wonder how many people would wait a full year to get the 100 pound.
    Exactly.

    Classic experiment.
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    £100,000 now, or £1,000,000 in 10 years?
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    (Original post by Martinnathalie9)
    £100,000 now, or £1,000,000 in 10 years?
    100,000,000 now defo
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    (Original post by nverjvlev)
    £100 then I could reinvest and make it into more than £1000 in the 366 days
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    Personally, i would take £1000 later. But if the person giving it to me was The Rangers Football Club then I would opt for the £100 now as the could fold again in one years time lolololol
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    (Original post by dav55)
    Personally, i would take £1000 later. But if the person giving it to me was The Rangers Football Club then I would opt for the £100 now as the could fold again in one years time lolololol
    :toofunny:
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    1000/[1.00+0.10) = 909.9
    Still over 9 x more than the 100 a year later
    thats using a huge discount factor of 10% too it's more likely 2-5% the 1000 all the time =] (unless im literally on the brink of death by starvation or something).
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    (Original post by Ethereal World)
    Unless you're a delay discounting drug addicted high school drop out, then the latter is generally preferential.
    (Original post by Shadez)
    £100 right now please
    Shadez, something you're not telling us?

    😂😂 😂😂😂
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    What are the interest rates?
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    (Original post by Rich Rollington)
    What are the interest rates?
    Same as they are now.
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    (Original post by Kyx)
    Same as they are now.
    £1000 then.
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    (Original post by Rich Rollington)
    £1000 then.
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    (Original post by Kyx)
    Classic question.

    Interesting psychology.

    Just wondering.
    Deferred gratification.
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    10 points to Gryffindor!

    :hugs:
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    Apparently its not really an interesting question.

    £100 really wouldn't do a lot for me at the moment, whereas even if I wasn't getting the grand for a year I could spend it but just borrow on 0% credit card or from savings.
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    £100 right now
    A year is too long to wait.

    I'll just buy the stuff I want and move on with life
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    This is obviously gonna be in favour of the £1000.

    It's more interesting to ask with marginal difference, like £9000 today or £10000 next year (same physical difference in the amounts but a much smaller proportion of the total).
 
 
 
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