A personal finance blog by a college student for college students and young adults. Learn how to create a nickel on every dollar and have your habits earn you money.
Have you ever heard of the marshmallow test? It is a really interesting (and cute!) experiment looks at whether or not four-year-old children are able to delay the gratification of eating a marshmallow for 20 minutes in order to get a second marshmallow. According to the youtube video description, those kids who were able to wait had higher SAT scores of 210 points on average. I had learned more about this is my psychology class as we talked about the id which is our instinctual desire to eat the marshmallow immediately, the super-ego which says we shouldn't eat the marshmallow at all since it has no nutritional value, and the ego which says we should do as the experimenter suggests to get twice as many marshmallows and as a four year old we don't have to worry as much about nutritional value just yet.
