Skip to main content

Posts

Showing posts with the label the marshmallow tale

Just my thoughts #0766

Sometimes one event causes another. In such cases, the first event is often the result of a previous event that led to it. For example, if you roll a die and get a 3, that result already includes the number 3 on the die. If that’s the case, then we should consider that the number of ‘beings born’ in this world is very small compared to ‘things that never came into existence.’ ‘Coincidence’ is thinking that something can happen randomly, and ‘intention’ is excluding the birth of other things to make it happen. - Joseph’s “just my thoughts”

Just my thoughts #0630

Time Preference Rate . “ The Marshmallow Tale ” by Joachim de Posada and Ellen Singer describes the “ Marshmallow Experiment ” at Stanford University. The experimenter left the child alone in the room and gave the child a marshmallow, instructing the child to eat it immediately. However, if the child did not eat it within 15 minutes, the experimenter would give the child another marshmallow. Some children waited the full 15 minutes, while others stopped waiting early. These two groups were followed for 14 years, and as a result, the more patient children showed better social and mental abilities. Those who cannot tolerate waiting are said to have a high time preference rate, while those who are patient are described as having a low time preference rate. In investment, high and low time preference ratios are not necessarily good or bad because many investments depend on luck. The key is to find and stick to methods and principles that match one’s own tendencies. - Joseph’s “just my th...