We spent seven weeks teaching and having fun with these children. The topics covered were: trade before money , the origin of money, effective communication, price vs. value, supply and demand, and time preference.
In this last class, we conducted the "BIS" activity (using a Brazilian chocolate bar that replaced the marshmallow).
Putting the concept of time preference into practice, students received a "BIS" and had 12 minutes to choose whether to eat it right then or wait to be "rewarded" later with another chocolate.
There would have been no issue if they had eaten the treat; we actually encouraged them to do so. Yet, to our surprise, they all demonstrated a low time preference—waiting and being rewarded.
Teaching financial education to children requires games and hands-on activities. Congratulations to
@My First Bitcoin for the open source “Bitcoin for Juniors” program.
We are now taking a break for the holidays and will return in August to continue playing and learning.
Ps : we bot the chocolate in a local supermarket payng with Sats :)
