Economic Self-Control and Impulsivity in Money Decisions: A Comparison of High School Students with Rural or Urban Backgrounds

Authors

Becky Malquist, Brigham Young University
Dr. Harold L. Miller Jr., Brigham Young University

Keywords

economic self-control, money decisions, high school students, rural or urban backgrounds

College

Family, Home, and Social Sciences

Department

Psychology

Abstract

Do you buy the brand new car now and take out a large loan, or do you save a little longer and buy a used one so that, in the end, you pay less? Do you take the spur-of-the-moment Caribbean cruise, or do you stick to your plan to build a nest egg? Impulsivity has been defined as choosing a smaller, more immediate reinforcer over a larger but delayed one. Self-control signifies the opposite choice; it is the preference of a larger, delayed reinforcer1.

Recommended Citation

Malquist, Becky and Miller, Dr. Harold L. Jr. (2014) "Economic Self-Control and Impulsivity in Money Decisions: A Comparison of High School Students with Rural or Urban Backgrounds," Journal of Undergraduate Research: Vol. 2014: Iss. 1, Article 334.
Available at: https://scholarsarchive.byu.edu/jur/vol2014/iss1/334