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Do you pass the marshmallow test?
In the 1960’s, Walter Mischel of Stanford University conducted an experiment with a group of 4 years olds and marshmallows. The children were asked to sit alone in a room with nothing but a marshmallow. If they refrained from eating the marshmallow until the evaluator returned (a long 20 minutes!), they could earn a second one.
The experiment showcases the ability to delay gratification, a trait that Daniel Goleman and others recognize as an essential ingredient for success in life. Motivational coach Joachim de Posada notes that the marshmallow application is much needed in the United States where “we have big debt and are eating more marshmallows than we’re producing” (TED Talks, May 2009).
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The info highway is not just on your computer
Technolology is making it possible for many of us to rewire our connections. In a recent NPR article, Joshua Brockman reports that one quarter of American homes use the mobile phone as the only primary line (”Cutting The Cord: Staying Connected Without Wires”).
And there’s a growing number of Millenials (people in their 20’s) who have neither land line nor cable tv. Instead, they depend on high-speed internet service for video feed.
Brockman refers to the indvidual who is well connected and mobile as a “digital gypsy.” She is that person who is working from any mobile hotspot, like the local Starbucks. With information localized to our gadgets, knowledge seems ubiquitous. It may be that Generation Z will have to grapple with navigating the information excess. For now, we’re all pretty happy just to have the access.
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Bashful buyers
In markets where property inventory is up, people may shy away from buying. This is a trend rooted more in emotion and less in rational thinking, according to some in the housing industry such as Trulia, a real estate search engine company. Brett Arends reports interesting findings in ”A Fresh Look at Rent vs. Buy” (The Wall Street Journal).
According to Trulia’s data, individuals and families should consider buying when a property is fairly valued and priced at about 15 times what it would cost to rent that same home for one year.
There are areas in the U.S. where property prices match or fall below value. When buyers find these homes, they get real bang for their buck. In general, it’s paramount that buyers remember that a real estate purchase is an investment. Rather than fear risk, we must and can learn to manage it.
How Pac-Man reached the big 30
Pac-Man migrated from Japan to the US in 1980. The arcade game celebrates its 30th year in the industry and remains as relevant now as it was then.
Created by 8 developers over a period of 15 months, Pac-Man was first called “Puckman,” which meant Chomp-man in the original Japanese. (The name was changed for obvious reasons.) Four ghosts — Pinky, Blinky, Inky, and Clyde — pursued Pac-Man, who attempted to gobble up dots lining the maze. The broad popularity and success of the game spurred the creation of over 400 Pac-Man derivatives (e.g. Ms. Pac-Man, cereal, cartoon, etc).
What inspired Namco developer Toru Iwatani to create Pac-Man? Legend tells us that Iwatani’s “partially eaten pizza pie [was] turned into a gaming character: a big yellow dot that gobbled up smaller dots.” (CNN, “Chomp! Pac-Man, the arcade classic, turns 30″)
