Posts Tagged ‘delayed gratification’

  • Behavioral economics and the marshmallow experiment on delayed gratification.

    What You Can Learn From the Marshmallow Test

    Oct 24, 13 • 1277 Views • No Comments

    Forty years ago, psychologist Walter Mischel began studying delayed gratification by giving young children a choice. A child and a single marshmallow were left in a room. The child could have one marshmallow now or two when the adult returned minutes later....  [read more]

  • Amazon Prime and Delayed Gratification

    Nov 9, 12 • 322 Views • No Comments

    Would you rather pay $79.00 or $95.88 for the same service? Amazon just figured out how to get the $95.88 from some people. People who sign up for Amazon Prime get “free” (but we know there is no such thing as “free”) 2 day shipping, access to kindle...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Now or Later?

    May 4, 12 • 275 Views • No Comments

    Reading about why people have a tough time delaying gratification, I started to think about countries. First people… A part of your brain–the insula–becomes more active when faced with an unpleasant task like dieting or seeing your team...  [read more]

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    Will Power and Wealth

    May 22, 11 • 255 Views • No Comments

    Observing young children, scientists believe they can predict certain adult outcomes. One classic study from the 1960s involved delayed gratification.  A child and a single marshmallow were left in a room. The child could have one marshmallow now or two...  [read more]