Lumped-Capacitance Time Constant
A small body with little internal resistance cools exponentially with a time constant set by its heat capacity and surface convection.
The time constant is τ = ρ·V·c/(h·A). where ρ is density, V volume, c specific heat, h the convective coefficient and A the surface area.
Form the capacity-to-convection ratio.
Results
After one time constant the temperature gap falls to 37% of its start; a smaller body or higher convection responds faster — which is why fine thermocouples react quickly.