The Marshmallow Experiment. The Marshmallow Experiment, conducted by psychologist Walter Mischel in the late 1960s and early 1970s, remains one of the most famous studies in psychology. In this intriguing experiment, young children were offered a choice: they could have one marshmallow immediately, or if they could wait for a short period (usually around 15 minutes), they would receive two marshmallows. The results were fascinating. Some children were able to resist the temptation of the immediate reward and wait for the larger reward later, while others succumbed to the temptation and ate the marshmallow immediately. So, what can we learn from the Marshmallow Experiment? Patience isn’t just a virtue; it’s…