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Posts tagged #psychology

Want your child to become a high earner? Teach them how to delay instant gratification

When considering the factors that contribute to higher earning, education level and occupation are no-brainers. However, a study published today in Frontiers in Psychology has found that a person’s ability to delay instant gratification – a behavioral trait popularized in the the famous Stanford marshmallow experiment, where children had to choose between one small reward provided immediately or two small rewards if they waited for 15 minutes – is actually one of the most important factors determining future affluence. We talked to the study’s lead author, Dr. William Hampton from the University of St. Gallen, to find out more. 

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