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The Marshmallow Experiment and my vote on LBI

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@alexvan
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Hi,

on the LBI project, there is the next voting round to postpone the dividend payment or to take them out. You can read the details and vote on this post. Please check it, give it a vote and leave a comment with your choice.

I did not vote yet, but no matter what the standing, I know what I vote. I'm not trying to influence someone on this, and will just present why I will vote the way I will do.

For this, I will go back in history, to a Stanford professor named Walter Mischel, which in the 60s started an experiment. The results have been published later in 1972 with the tests continuing till the 2000s. The experiment is known as the Marshmallow Experiment.

In this experiment, he took a marshmallow in a room with a 5-year-old and told the kid that if he waits till he is back, he will get a second one. He was back after 15 minutes.

The kids that waited had a better life in general than the others who ate the marshmallow. They had better wages, better relationships, and in general have been happier.

This was because they delayed the short term pleasure, putting in the work needed to reach their goals. Delaying gratification is a very powerful trait, that is a key success factor.

On LBI, I will choose to delay it once again, as with the delay of payments till now, we will receive double the dividends, for waiting 6 months. If the payment starts now, in 6 months we level the payments missed, and we will definitely earn more, so I would choose to wait another round to have an even higher payment.

How do you see it?

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