Time Preference Rate. “The Marshmallow Tale” by Joachim de Posada and Ellen Singer describes the “Marshmallow Experiment” at Stanford University. The experimenter left the child alone in the room and gave the child a marshmallow, instructing the child to eat it immediately. However, if the child did not eat it within 15 minutes, the experimenter would give the child another marshmallow. Some children waited the full 15 minutes, while others stopped waiting early. These two groups were followed for 14 years, and as a result, the more patient children showed better social and mental abilities. Those who cannot tolerate waiting are said to have a high time preference rate, while those who are patient are described as having a low time preference rate. In investment, high and low time preference ratios are not necessarily good or bad because many investments depend on luck. The key is to find and stick to methods and principles that match one’s own tendencies. - Joseph’s “just my thoughts”
The founder of the Presbyterian Church, Jean-Calvin, gave the name “vocation (calling)” to the “labor power” people provided to the capitalist. Labor is sacred and destiny. However, in this natural world, humans are the only ones who do much work without reason beyond those necessary for survival. African lions only take a nap outside of hunting time. “The dog in my house” also plays outside except for walking and eating. Humans who work physically and mentally 24 hours a day even abuse their brains, saying they are lacking. Only when you prove yourself to others do you become yourself indeed. But the time has come for AI and robots to do the work humans value. The opportunity came to be recognized for value, not the ability, but the existence itself. In the future, “Who am I?” will lead to success rather than “What are you doing?” Then, I'm asking, “Who are you?” - Joseph’s “just my thoughts”