Applying behavioral economics to real-world challenges: Kelly Peters at TEDxUtrecht
ฝัง
- เผยแพร่เมื่อ 15 มิ.ย. 2024
- BE BRIGHT: "Overcome your fear of making a mistake. Take a bold stance, an active role in big life situations. Calculate the risk, and take control!"
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
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 !!
Great talk! Like how we went full circle, greatly insightful and amazing. Keep it up:)
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!
Ted Talks titles are never a reflection of the video content
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
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
To boldly go where no one has gone before!
Has Kelly Peters wrote anything recently? This is a pretty good talk on behavioral economics.
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.
Who is the fish experiment by?
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
Fortune favors the bold.
*Bold is Beautiful*
thanks for the video
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.
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.
+Kevin Clearly I didnt explain it very well! Now that I dont have the scorching lights on me, let me try again. The interesting insight from the research on zebrafish is that we can learn about the impact that genetics and personality have on risk appetite. Specifically, the fish that were bold were always bold, the fish that were shy were always shy. Both types have their advantages (shy fish are less likely to get eaten or eat bad, new food), but overall bold fish enjoy more evolutionary advantages. Ok, so back to the point, our personalities too might be "hard wired," but we should recognize how our personalities influences our decisions (eg if we're always bold, maybe slow down; if we're always shy, maybe take a chance). Thanks for calling me out on it.
"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
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.
Not what I expect about behavioural economics.
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 Hey, yeah, not sure how the talk was billed, but it wasnt intended to talk about the economy. Behavioral economics as a discipline explores micro-level behaviors, though these insights can be extrapolated to macroeconomic issues. In particular, my talk was (intended) to address how our biased assessment of risk influences our behaviour.
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
these people promote financial turmoil..otherwise this is good advice
+Chandroday Biswas Behavioral economics is trying to reduce financial turmoil - by recognizing the factors that contribute to poor economic decision-making. However, in this talk, I emphasize taking more risk (in one's personal life) through a better understanding of its influence in our decisions.
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.
+Alex L That's awesome that you're already familiar with all the different ways to think about risk and how those factors bias us. It is an older area of research, but there are still some new insights. And from a pedagogical perspective, not too many folks are versed in the topic of the science of risk - yet they invest, do/dont take chances, and so on in absence of examining the factors that influence their choices.
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?
ted talks are over rated NOW !
Totally useless session. Not TED talk, Dead talk.