Even if you’ve nailed down causation, you still haven’t proven a ‘theory of everything’ as the evidence may not apply in a different context. The Marshmallow Studies showed that kids who resist eating a marshmallow do better in life. But they focused on Stanford University children. Kids of less wealthy backgrounds may be better off eating whatever food is available, since it may not be there tomorrow.
16 Dec 2023 | A statement is not fact,Confirmation bias,Data is not evidence,Evidence is not proof
My LinkedIn feed came alive with this post:
Francesca Gino is the Harvard Business School professor accused of faking data in her research. HBS is conducting an investigation into the matter and I am reserving judgement until its outcome; this post is on something completely different. My ...
One of my research fields in behavioural economics, which suggests that people don’t always act in perfectly rational ways. A famous experiment in this field is known as the Ultimatum Game. There are two players, a ‘proposer’ whom we’ll call Amelia, and a ‘responder’, Bilal.
One of the most famous psychology experiments conducted on children is the Marshmallow Study. In a 1972 paper, Walter Mischel and co-authors gave three-to-five-year-olds at the Stanford Bing Nursery School a marshmallow. They could eat it now, but if they waited 15 minutes, they’d get a second marshmallow.