Misbehaving with Richard Thaler
Hidden Brain
00:00
Self Control Is Work
In the 19 seventies, stanford psychologist walter michel conducted a series of experiments that came to be known as the marsh mallow test. Small children were put in a room and told they could either get one marsh mallow away, but if they stayed in the room and didn't eat the marshmallow, they would get a second. Richard Taylor: Why have classical economics ignored the idea that humans have trouble with self control?
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