# Prof. Hal Hershfield's research on making financial decisions is featured

1 Faculty News July 29, 2013 ![Scientific American logo](/sites/default/files/styles/246w/public/assets/images/con_032572.jpg?itok=4s1fploC)>

Excerpt from [Scientific American](http://blogs.scientificamerican.com/moral-universe/2013/07/29/when-neglecting-ones-future-benefits-others/) -- "Previous work on connectedness, most notably work by both Bartels and [Hal Ersner-Hershfield](http://www.stern.nyu.edu/faculty/bio/hal-hershfield) and their colleagues, has demonstrated that increases in connectedness are associated with making better financial decisions for oneself–the kind of financial decisions that pay off in the long run. People with strong connections to their future self are willing to save more, spend less, and forgo immediate cash rewards in exchange for future cash rewards of greater value."

[Read more](http://blogs.scientificamerican.com/moral-universe/2013/07/29/when-neglecting-ones-future-benefits-others/)