Applying behavioral economics to real-world challenges: Kelly Peters at TEDxUtrecht

Рет қаралды 136,051

Күн бұрын

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)

Пікірлер: 53

@gingergin770 7 жыл бұрын

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.

@piyusha1234 6 жыл бұрын

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 !!

@budlab 9 жыл бұрын

Great Talk! Looking forward to learning more about behavioral economics.

@yashkulkarni5455 5 жыл бұрын

Great talk! Like how we went full circle, greatly insightful and amazing. Keep it up:)

@staciebuckle8669 7 жыл бұрын

Ted Talks titles are never a reflection of the video content

@eliezersantos7554 8 жыл бұрын

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.

@ABESW0RLD 7 жыл бұрын

Eliezer Santos good on you!

@michaellawrence883 Жыл бұрын

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

@vondoromal7016 Жыл бұрын

To boldly go where no one has gone before!

@ingricastro9120 Ай бұрын

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.

@michaelt.1328 3 жыл бұрын

Fortune favors the bold.

@xiaoranwu3952 6 жыл бұрын

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.

@tompatterson2580 Жыл бұрын

Well done. Very poised speaker. Great topic

@erontaylor1 5 жыл бұрын

Who is the fish experiment by?

@tessarae9127 5 жыл бұрын

*Bold is Beautiful*

@1conec 9 жыл бұрын

Has Kelly Peters wrote anything recently? This is a pretty good talk on behavioral economics.

@briannahayward6381 9 жыл бұрын

Thats my best friends mom!

@XYZ-km9kg 5 жыл бұрын

Brianna Hayward no one cares.

@spirulinachlorella1629 4 жыл бұрын

thats the voice i hear in dreams i cant wake up from.

@kelly_peters 3 жыл бұрын

@@XYZ-km9kg nice way to pointlessly show a young girl how cruel people can be.

@muskduh 2 жыл бұрын

thanks for the video

@YewOw 7 жыл бұрын

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.

@Jess-nz7be 6 жыл бұрын

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

@kevinbroecker 8 жыл бұрын

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.

@kellypeters207 8 жыл бұрын

+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.

@justinbaffico7406 3 жыл бұрын

"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.

@____9546 3 жыл бұрын

It’s behavioural economics

@amirabdallahwasir 3 жыл бұрын

ludwig von mises is an economist lmao

@DeeExailProductions 3 жыл бұрын

If you want them to stop drink driving equalise the drinking and driving ages

@bimmjim 6 жыл бұрын

*"RISK"* is a number between one and zero. *The Economy* should not be made into a religion.

@nicholaschong9101 4 жыл бұрын

Not what I expect about behavioural economics.

@TheSkoaler10 9 жыл бұрын

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.

@kellypeters207 8 жыл бұрын

+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.

@darksoul1381 7 жыл бұрын

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'

@rishi8840 8 жыл бұрын

these people promote financial turmoil..otherwise this is good advice

@kellypeters207 8 жыл бұрын

+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.

@nesshingakusei6932 5 жыл бұрын

The title of this TED X talk is *How not to be a speaker*

@habib.h5921 5 жыл бұрын

The way she delivered her speech was particularly irritating 😥

@quantummath 7 жыл бұрын

Horrible speaker, interesting topic.

@XYZ-km9kg 5 жыл бұрын

A. M. Goudarzi hard to watch.

@fatimaes-bia2713 4 жыл бұрын

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

@nicklam66 8 жыл бұрын

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.

@kellypeters207 8 жыл бұрын

+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.

@nicklam66 8 жыл бұрын

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.

@monjier 5 жыл бұрын

You do realise Ted talks are more about being listening to a great public speaker and less about sitting in a lecture, right?