Delayed gratification is the ability to resist the temptation of an immediate reward in favor of a larger, more valuable reward later. This concept is often illustrated by the famous Marshmallow Experiment, where children were given the choice to eat one marshmallow immediately or wait to receive two marshmallows later. The ability to wait is linked to better life outcomes, such as higher academic achievement and improved emotional regulation.
Practicing delayed gratification can lead to better decision-making and long-term success. It involves self-control and patience, allowing individuals to prioritize long-term goals over short-term pleasures. This skill can be developed through various techniques, such as setting clear goals and practicing mindfulness.