Under pressure: Does everyday stress affect financial decisions?
Many of the negative effects of prolonged stress are well-known. In the brain, chronic stress reduces our ability to think. It makes solving problems, as well as regulating our behaviour, harder. But when it comes to the effects of stress on making decisions, especially choices that pit instant gratification against delayed reward, the picture is less clear. Dr Jeffrey Erlich from the SWC has published new research indicating that stress does play a role in the willingness to wait.