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Marshmallows and Dividends – Do They Have More in Common than We Know?
By Dr Wealth  •  February 22, 2015
In 1970, psychologist Walter Mischel from Stanford University put together a group of young children to conduct a series of experiments. Individually, the kids, aged 4 and up were led into a room and given a marshmallow (or an Oreo cookie or a pretzel, a treat of their own choosing). They were told that they would be left alone for a while and that they could eat the marshmallow any time they wanted. Alternatively, they could wait till the experimenter returned in 15 minutes or even ring a bell to hasten the experimenter’s return. If the child had waited out his or her time without eating the marshmallow or ringing the bell, they would be rewarded with another marshmallow. More than 600 kids were put through the process. Unknown to them, as they waited purposefully in the room stripped bare of all distractions, all their actions were being observed and ......
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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