Updated: August 30, 2021
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What you’ll hear in this episode:
In this episode, I share the psychology of self-control and give science-backed tips on how to become better at doing delayed gratification.
We retell the story of the famous Marshmallow Experiment and share one particular discovery from the study that isn’t often told in media.
We also learn more about the well-renowned Carrots and M&Ms study, which gives us the surprising reason why some people have better self-control and how we can learn it too.
Lastly, all throughout the episode, I share the personal experiments on delayed gratification that I did, which I hope could give you practical tips on how to improve your financial habits.
Works Cited and Further Reading:
- Mischel, Walter; Ebbesen, Ebbe B. (1970). “Attention in delay of gratification“. Journal of Personality and Social Psychology.
- Baumeister, Roy; Schmeichel, Brandon; Vohs, Kathleen. “Self-Regulation and the Executive Function: The Self as Controlling Agent“. Social Psychology: Handbook of Basic Principles.
- Duckworth, Angela L et al. “Situational Strategies for Self-Control“. Perspectives on psychological science : a journal of the Association for Psychological Science vol. 11,1 (2016)
- Wendy Wood, Wendy. “Good Habits, Bad Habits: The Science of Making Positive Changes That Stick“. Pan Macmillan, 2019
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