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

• 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%

1. £1000 in 366 days as the £100 isn't really needed atm
2. 26 - 1

exactly as expected
3. (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.
4. (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.
5. £100,000 now, or £1,000,000 in 10 years?
6. (Original post by Martinnathalie9)
£100,000 now, or £1,000,000 in 10 years?
100,000,000 now defo
7. (Original post by nverjvlev)
£100 then I could reinvest and make it into more than £1000 in the 366 days
8. 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
9. (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
10. 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).
11. (Original post by Ethereal World)
Unless you're a delay discounting drug addicted high school drop out, then the latter is generally preferential.
Shadez, something you're not telling us?

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

Interesting psychology.

Just wondering.
Deferred gratification.
17. 10 points to Gryffindor!

18. 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.
19. £100 right now
A year is too long to wait.

I'll just buy the stuff I want and move on with life
20. 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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Updated: February 4, 2016
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