Pictures of your future self can increase savings

Hyperbolic Discounting and Financial Products
Intervention Financial Products

How an old image of yourself drive behavior towards savings

Intervention Description

Indiviuals were exposed to images of themselves as a much older person, using a variety of technologies. Participants were offered a hypothetical sum of money and given a choice of how to use it. Those exposed to aged images of themselves allocated more to retirement savings than other options.