In the "Marshmallow Test" (or sometimes the "Cookie Test"), psychologist Walter Mischel and his team at Stanford University in the late 1960s and early 1970s. designed an experiment to measure impulse control and delayed gratification in children. How the Experiment Worked: A child (usually around 4–6 years old) was placed in a room with a treat, such as a marshmallow, cookie, or pretzel, on a table in front of them. The researcher explained that the child could eat the treat immediately if they wanted to, but if they waited for a certain period of time (usually 15–20 minutes) without eating it, they would receive a second treat as a reward. The Choice: The child was left alone in the room with the treat, and their behavior was observed through a one-way mirror. Some children ate the treat right away, while others tried to resist the temptation by distracting themselves, covering their eyes, or even smelling or touching the treat without eating it. Outcome: Children who were able to wait for the delayed reward (the second treat) were considered to have higher levels of impulse control and delayed gratification. Key Findings: Follow-up studies suggested that children who were able to wait longer for the second treat tended to have better life outcomes later in life, such as higher academic achievement, better social skills, lower rates of substance abuse, and greater probability of adopting Bitcoin The other children however tended to become degen traders on leverage, fall for pump & dump schemes and buy XRP. (OK, I added the last 3-4 lines, but I would be unsurprised if the hypothesis proved correct)