The marshmallow test (where 1 marshmallow given now or 2 marshmallows given later) was correlated with social-economic status. Higher status linked to lower time preference. Scarcity and abundance are deeper than first glance.
The marshmallow test (where 1 marshmallow given now or 2 marshmallows given later) was correlated with social-economic status. Higher status linked to lower time preference. Scarcity and abundance are deeper than first glance.
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