Reserve analysis 2022 part 2: Eating the first marshmallow
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Reserve analysis 2022 part 2: Eating the first marshmallow

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In the 1970s, a professor at Stanford University undertook what is now famously known as the “Stanford marshmallow experiment”. In a nutshell this test of capacity for delayed gratification left a child in a room with a single marshmallow for a period of time. The child was told they could eat the one they were given or wait and get a second marshmallow.

The test revealed a longer-term positive correlation between children who exhibited restraint and those children’s later success in life.


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