Behavioral economics is teaching us to understand ourselves better so we could asses situation and act accordingly. Sometimes to be a bold fish if gain is higher (in a new pond), but to be a shy fish if the risk is to high (that shiny thing could be a predator, but could be an endless supply of food). Assessing the situation with logic, understanding our nature (evolutionary economics) and not doing things with your gut (it is usually wrong). Inspirational speeches are nice, so is this one, but it tells us very little on how to apply behavioral economics in our lives.
Thats actually a very nice talk and I got a lot to learn from it and a lot of new ideas for my upcoming paper presentation ! The concept of "nudge" was explained so well. Thanks a lot Kelly !! More such talks related to BE from you please !!
The video talks about to take risk in our lifes that make us jump yo a better tomorrow. So, the speaker ask at the end, what bold choices have You Made? And My answer is.. In this year I moved out to be and independent girl and Star to take big responsabilities and make my dreams come true. It was My jump to be more brave with myself also I change my friendships and start a different beginig around great people.
I just found about you and I am hooked! Thanks:) I like to think I am a risk taker however there is a lot of things I need to work on. I will quit my very well paid job this week to pursuit my dream and this just help me to not feel guilty about it.
Great video! Thanks. I am a stock trader and I use 80% of psychology to execute my trades. Please, I have 3 questions regarding behavioral economics; 1. Will a degree in behavioural economics will help me improve on my trading methodology? 2. How math heavy is the course? 3. Will a 6momths program be good enough considering my career path? Thanks
But why is the rational choice a "right choice". Being a risk averser might also mean you have higher valuation on a safer state than a "bold move". I do not think there's something wrong with this self-valuation.
Darwin's Theory of Natural Selection springs to mind; but i believe in the world of today, a more apt summary would be - survival of the most rational, instead of survival of the fittest. I suppose being aware of your strengths/advantages as well as you weakness/shortcomings, and also of the environment would ensure your prosper and thrive, although i wouldn't go so far as to say take risks just for the sake of taking risks; more - take risks if the opportunity cost is zero, and mental inhibitions are the only thing holding you back. Thanks for feeding my interest on the subject.
Yew Ow exactly! And it sucks to give irrational people power as they don't want to further the survival not just of humans but of life in general! The situation we have is horrendous
"Economics does not ask which ends should people desire (or why), but what means they should employ to achieve their desired ends" - Ludwig Von Mises This is psychology... NOT economics.
BE: I’m incentivized to give a Ted talk in order to pad my resume and market my company, which in turn drives my irrational decision to be an awkward and cringy speaker 😅
Michelangelo Are you sure? I am pretty sure there are many many examples of economical 'decision making' influenced by expected future utility explained through 'statistical analysis' and generalized upon through mathematically supported economic models. Economics is not confined to the field of macroeconomics if you mean that by 'economy'
this topic is interesting! , it really makes sense haha she's a bold girl, despite her irritating way of explaining things, she kept speaking until the end ! wow
What a waste of my time. Nothing I havent heard before: take risks blah blah.. Basic shit, far from groundbreaking. Been hearing that lesson all my life..yawns.
I dont mean to sound rude. Perhaps it didn't sound professional but my point stands. It's true most people are not aware of how their inherent financial behaviors are detrimental to their bottom line. It does take lots of practice and re-learning when taking risks in the financial realm. Yes, in order to reap rewards we must take chances. Those risks must be one of calculated risks - ones that when planned out must potentially produce rewards that outweigh the risks (reward to risk ratio 1:1.5 or higher). Please correct me if I'm wrong.
Behavioral economics is teaching us to understand ourselves better so we could asses situation and act accordingly. Sometimes to be a bold fish if gain is higher (in a new pond), but to be a shy fish if the risk is to high (that shiny thing could be a predator, but could be an endless supply of food). Assessing the situation with logic, understanding our nature (evolutionary economics) and not doing things with your gut (it is usually wrong). Inspirational speeches are nice, so is this one, but it tells us very little on how to apply behavioral economics in our lives.
Thats actually a very nice talk and I got a lot to learn from it and a lot of new ideas for my upcoming paper presentation ! The concept of "nudge" was explained so well. Thanks a lot Kelly !! More such talks related to BE from you please !!
Nice presentation, we need to be brave enough to make our own choices!
To boldly go where no one has gone before!
The video talks about to take risk in our lifes that make us jump yo a better tomorrow.
So, the speaker ask at the end, what bold choices have You Made?
And My answer is.. In this year I moved out to be and independent girl and Star to take big responsabilities and make my dreams come true. It was My jump to be more brave with myself also I change my friendships and start a different beginig around great people.
Well done. Very poised speaker. Great topic
Great talk! Like how we went full circle, greatly insightful and amazing. Keep it up:)
Ted Talks titles are never a reflection of the video content
Great Talk! Looking forward to learning more about behavioral economics.
I just found about you and I am hooked! Thanks:) I like to think I am a risk taker however there is a lot of things I need to work on. I will quit my very well paid job this week to pursuit my dream and this just help me to not feel guilty about it.
Eliezer Santos good on you!
Great video! Thanks.
I am a stock trader and I use 80% of psychology to execute my trades.
Please, I have 3 questions regarding behavioral economics;
1. Will a degree in behavioural economics will help me improve on my trading methodology?
2. How math heavy is the course?
3. Will a 6momths program be good enough considering my career path?
Thanks
Fortune favors the bold.
But why is the rational choice a "right choice". Being a risk averser might also mean you have higher valuation on a safer state than a "bold move". I do not think there's something wrong with this self-valuation.
Has Kelly Peters wrote anything recently? This is a pretty good talk on behavioral economics.
Thats my best friends mom!
Brianna Hayward no one cares.
thats the voice i hear in dreams i cant wake up from.
@@XYZ-km9kg nice way to pointlessly show a young girl how cruel people can be.
Darwin's Theory of Natural Selection springs to mind; but i believe in the world of today, a more apt summary would be - survival of the most rational, instead of survival of the fittest. I suppose being aware of your strengths/advantages as well as you weakness/shortcomings, and also of the environment would ensure your prosper and thrive, although i wouldn't go so far as to say take risks just for the sake of taking risks; more - take risks if the opportunity cost is zero, and mental inhibitions are the only thing holding you back. Thanks for feeding my interest on the subject.
Yew Ow exactly! And it sucks to give irrational people power as they don't want to further the survival not just of humans but of life in general! The situation we have is horrendous
"Economics does not ask which ends should people desire (or why), but what means they should employ to achieve their desired ends" - Ludwig Von Mises
This is psychology... NOT economics.
It’s behavioural economics
ludwig von mises is an economist lmao
thanks for the video
The first experiment she stated is extremely biased, now put the fish in a new environment with actual predators and watch the bold become lunch.
*Bold is Beautiful*
Who is the fish experiment by?
BE: I’m incentivized to give a Ted talk in order to pad my resume and market my company, which in turn drives my irrational decision to be an awkward and cringy speaker 😅
If you want them to stop drink driving equalise the drinking and driving ages
*"RISK"* is a number between one and zero. *The Economy* should not be made into a religion.
So far this is literally a redundant talk. What she is saying is just a statistical analysis. It does not have anything do with economy.
Michelangelo Are you sure? I am pretty sure there are many many examples of economical 'decision making' influenced by expected future utility explained through 'statistical analysis' and generalized upon through mathematically supported economic models. Economics is not confined to the field of macroeconomics if you mean that by 'economy'
Not what I expect about behavioural economics.
this topic is interesting! , it really makes sense haha she's a bold girl, despite her irritating way of explaining things, she kept speaking until the end ! wow
these people promote financial turmoil..otherwise this is good advice
The title of this TED X talk is *How not to be a speaker*
The way she delivered her speech was particularly irritating 😥
Horrible speaker, interesting topic.
A. M. Goudarzi hard to watch.
What a waste of my time. Nothing I havent heard before: take risks blah blah.. Basic shit, far from groundbreaking. Been hearing that lesson all my life..yawns.
I dont mean to sound rude. Perhaps it didn't sound professional but my point stands. It's true most people are not aware of how their inherent financial behaviors are detrimental to their bottom line. It does take lots of practice and re-learning when taking risks in the financial realm. Yes, in order to reap rewards we must take chances. Those risks must be one of calculated risks - ones that when planned out must potentially produce rewards that outweigh the risks (reward to risk ratio 1:1.5 or higher). Please correct me if I'm wrong.
You do realise Ted talks are more about being listening to a great public speaker and less about sitting in a lecture, right?
Totally useless session. Not TED talk, Dead talk.
ted talks are over rated NOW !