Poor people are better at cash flow management. That's why poor people like the dollar store. They're not dumb. They know you can buy soap in bulk at Costco, but buying a small $1 bottle is better than the 55 gallon barrel to manage cash flow.
Likely this is related to the marshmallow. I need to eat. I will eat it now. I cannot guarantee the marginal return on more marshmallows. I mean maybe if real life was like "wait one minute and double your money" people would do it, but typically it's like, lock up your cash for weeks, months, years at a time for margins, not for doubling your marshmallow count.
In real life, realized savings or gains of 1 or 2 or 4 percent for a 6 month wait is not worth the RISK of locking up that marshmallow (or T-bond) when having that marshmallow locked up may result in say, no housing.
Coke isn't comparable to boots in this case. Unlike boots, there is relatively little difference in price or quality in colas and the price is low enough that almost everyone can afford them. On the other hand, there is a dramatic difference in price and quality in footwear.
Sam's Cola is $8.54 for a 24 pack while Coca-Cola is $13.48. (Both prices taken from Walmart).
Cheap work boots are $30 at Walmart while Red Wing Super Soles are $250 while Iron Rangers are $350.
> I mean maybe if real life was like "wait one minute and double your money" people would do it
In that kind of scenario, everyone's savings are constantly wiped out; there's no difference between "wait one minute and double your money" and "wait one minute and all your money disappears".
Likely this is related to the marshmallow. I need to eat. I will eat it now. I cannot guarantee the marginal return on more marshmallows. I mean maybe if real life was like "wait one minute and double your money" people would do it, but typically it's like, lock up your cash for weeks, months, years at a time for margins, not for doubling your marshmallow count.
In real life, realized savings or gains of 1 or 2 or 4 percent for a 6 month wait is not worth the RISK of locking up that marshmallow (or T-bond) when having that marshmallow locked up may result in say, no housing.