Why bite-size thinking is as bad for the economy as it may be for our brains

We risk losing a lot more than our patience as tweets and cat videos put an end to long-termism

Delayed gratification: it’s an important life skill we try to teach our children when they want that tooth-rotting treat right now. With good reason: the famous “marshmallow experiment” at Stanford University showed kids that chose to wait a few minutes and get two sweets, instead of gobbling up one immediately, were brighter and more successful more than a decade later.

Yet in grown-up, economic life, patience has gone way out of fashion.

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