Thinking about money subconsciously makes us feel more confident and in control, according to a new study conducted by Bates College in the US.
[Related: 10 ways to be more self confident]
The study found that thinking about money helped restore people’s egos when they had been exercising self control for a particular task.
This is linked to ‘ego-depletion’, where your self control resources get tired, making your feel less confident and less able to continue to, for example, resist something you want. Thinking about money was found to reverse this ego-depletion, restoring our self confidence and with it the ability to remain restrained.
The researchers ran two experiments. In the first, participants were asked to complete tasks that required self control to see how they performed. Then in the second, they were reminded of either money or neutral concepts, before completing similar tasks. Those who had been reminded of money were more likely to perform better on the second self control tests than those who had been given neutral stimuli.
So next time you’re daydreaming about spending your lottery winnings, it may actually do you some good.