Title: 5 Things The Marshmallow Test Can Teach You About Money

Essay Details

Subject: Psychology
Author: Thomas M
Date: January 3, 2015
Level: University
Grade: A
Length: 2 / 469
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

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He told them they could have one marshmallow now, or if they could wait several minutes, they could have two. Some children quickly grabbed the marshmallow and ate it. Others waited. Mischel followed the group and found that 14 years later, the children who eagerly devoured the first marshmallow weren't faring as well as the children who had waited for two marshmallows...

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Years later, the "grabbers" suffered low self-esteem. Teachers and parents viewed these kids as stubborn, prone to envy and easily frustrated. The "wait-for-two-fers" possessed better coping skills; were more socially competent, optimistic, self-assertive, dependable and trustworthy; and scored about 210 points higher on their SATs...

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