I wish more TED talk videos would include a discussion at the end, because that's where the proposed ideas are tested, scrutinised, and criticised by other great minds. It helps you put things in perspective. Often, stories sound too good to be true, and appear to have perfect logic, simply because you are not questioning them as you listen. Having an audience full of TED attendees do that for you and hearing what they have to say really adds to the experience.

@TetsuroTsuyama

5 жыл бұрын

Mathijs g. G g Tieken

@mrmaniac3

4 жыл бұрын

Agreed. It's too bad that many don't, but it's a good thing that they are all open to comment on KZread... even though KZread commenters aren't "great minds".

@unenglishable

4 жыл бұрын

30:04 was a great example

@flappy7373

4 жыл бұрын

i love that idea this would be the better decision for all media/mediums of discussion buuuuuuuuuuuuuuut.. people....

@saviodias7747

4 жыл бұрын

Mathijs Tieken, that would be absolutely fantastic. To have after each red talk a real life discussion where people ask questions, advice, more depth, come with real life cases and experiences!!

I used to think i was indecisive, but now i'm not so sure.

@maemaeii5060

8 жыл бұрын

+andy elliott * slow clap *

@andyelliott8027

7 жыл бұрын

No, I'm not now. Well, maybe a bit occasionally.

@SenseiEli

5 жыл бұрын

Good one!

@DiabeticPhysique

5 жыл бұрын

U made my day

@DarrenBonJovi

5 жыл бұрын

back of the net!

The same as his other talks, Dan Gilbert never fails to surprise me with his exceedingly astonishing facts, while showing us the undeniably funny and foolish aspects of some of our behaviours.

30:00 The guy makes a good point. The so-called 'rush' of playing a game is often better than actually winning it. Though the win would something like double that same rush

@redtekMusicChannel

4 жыл бұрын

Tamas Egyed I thought what the rush guy said was a lot more interesting and insightful than anything dan Gilbert said actually

@BXJ-mi9mm

4 жыл бұрын

Which is a perfect example of "ignorance is bliss." If the people actually realized how insanely stupid it is to play because you won't win, they wouldn't get nearly as big of a rush.

@KM-eb5yo

4 жыл бұрын

That dude probably owns shares in the lottery lmao

@DlcEnergy

2 жыл бұрын

Oh what a rush! I guessed the first 2 numbers again on one of my 100 tickets!! What are the odds of that!? lol Gambling is a waste of money. The "rush" is worthless. You can play a video game with fake money if you're not concerned about actually winning. They wouldn't pay if there was no prize for winning.

Love TED intro, I don't need my ears anyway.

@BXJ-mi9mm

4 жыл бұрын

Too bad there is a dumb BMW ad. BMWs are so boring. Tesla is the only interesting luxury car maker.

@tieshawilson9957

3 жыл бұрын

😂😂😂😂

@the12345smart

3 жыл бұрын

Speaking about the plague...

@jcorrea6515

2 жыл бұрын

Lmfaooo 😂😂😂😂

This man is a gifted presentator ~ love his ‘real’ attitude!

That second to last "question" was brutal and is so true.

I wonder if part of the reason why people choose the $50 now vs. the $60 in a month is less about impatience and more about certainty. What if the subject forgets to pick up the $60 or the source of the money skips down or goes bankrupt? This factor may not enter into the parameters of the thought experiment but it could subconsciously influence the subjects decision. 'A bird in the hand is worth two in the bush' if you will.

@xenod1066

9 жыл бұрын

Good point. It could still be an error, but it is a learned response, as well as an evolutionary one. For early humans it was more likely that "tomorrow may never come.' For us, we may have learned not to trust. If you get that $50 now, you KNOW you've got it. If you wait, there is still uncertainty. - So it's not JUST impatience.

@debbiewilley9428

6 жыл бұрын

Exactly! It also relys on faith or trust that the offer will still be honored in a month.

@infinityshutter

5 жыл бұрын

Yeah, that's an incredibly bad way to gauge intelligence. The "right" answer is subjective for each individual given the context -- their current financial status or use for the money. It is a matter of significance for many -- would you prefer 5 cents now or 6 cents in 6 months? As it is an insignificant value, most people wouldn't care for either amount, let alone waiting for one. For most people, the difference of $10 is negligible, even if the difference is 20% more. Also, while many wouldn't be able to gain more than 20% interest in a month, it is wrong to assume no one can. Another reason for preferring the money sooner could be the anticipation of a "time sensitive" deal offering more than 20% savings (assuming the availability of the extra money was the catalyzing factor for the purchase). Could having an extra $50 now help you avoid a $30 late fee in some bill? In other words, the "right" answer is different for each individual case, especially as the question is phrased in a manner where the individual is expected to consider their current circumstances.

@Rita-Ceballos

5 жыл бұрын

But at least in my case, I trust, I really trust and I chose $60 bucks in a month and of course un 13 months. I think it is a small amount then... but maybe if it was millions, I would change my decision.

@mincao8003

5 жыл бұрын

I agree with this point. The speaker talks about the importance of context a lot during decision making and this clearly is a relevant context. Another thought, if you change the number to $5000 and $6000 respectively, I wonder whether that will make a difference.

I don't know why so many people have disliked this video. This I think one of the most outstanding Ted Talk among others.

@redtekMusicChannel

4 жыл бұрын

shirish kirtiwar it’s too basic of a concept, and really long winded for a simple message

personally, i'd go as far as to say that this might be one of the more important TED talks released, & should have more views. dan's explanations on bad decision making IMO is just so incredibly fundamental to how all humans on this earth behave & respond, and understanding these behaviors could def. lead us to a more peaceful world.. his words during the talk at the video's end about "terrorism" i think are ENOURMOUSLY important insights for people today in actually dealing w/ matters like this

I cannot like this enough! Helps me immensely with one of my biggest problems - decision making

Probably one of the best TED talks I've seen in a while. Bravo!

Watching in 2021 and thinking about the covid pandemic when he speaks at minute 25:00 about a plague. Profound clip!

Dan Gilbert just shot to a high position on my list of respected dudes.

The QA part at the end ROCKS! it starts at 24:00.

You have more chance of dying on your way to the lottery than actually winning it.

@samv7501

7 жыл бұрын

People will gladly pay a dollar for hope.

@kevinqhviananan-laulleeray8777

6 жыл бұрын

You have an even better chance of drying while going elsewhere.

@AnthonyGerardiAndroidWare

6 жыл бұрын

MaeMae II then if you survive the triip and buy yhe ticket than you've beat the odds and wining the lotto becomes more feasable when you just won the survival lotto. Its a mute point and never ending circle

@robertrussell8980

6 жыл бұрын

feckin good odds if you are suicidal

@tompson3

5 жыл бұрын

This motivated me to go out and buy a lottery ticket

Dan gave me a gift...His book Stumbling on Happiness! I loved it.

It feels like this entire TED talk was a warning of what social media and the Internet would do: Provide mankind with constant sources of instant gratification; completely available anytime and anywhere.

This is one of the best ted talks of all time. The value is here the odds of gain are more than the height of Mount Everest

However, on the $50 vs $60 question... you didn’t mention the factor of control. If you offered me money now or money later, I would take the money now and run. The $10 sacrifice, even accounting for interest, is insignificant to me because a lot can happen in a month, and you might not actually pay up. So the choice of payment now ensures that I actually get something. Something to think about. Thanks!

@trumanphan2363

4 жыл бұрын

P. B Amygdala it’s a controlled question. If you throw other factors in there, then obviously it will skew

@andrewj22

2 жыл бұрын

It doesn't really matter the reason. If the decision to wait a month were rational, then it wouldn't matter if that month were now or in a year from now. If the certainty of getting the money a month earlier is worth the cost, then it's worth that cost regardless of whether that month is now or later.

@soulreaperichig0

2 жыл бұрын

Well, in that case people should choose to get $50 in 12 months instead of $60 in 13 months because everything you said still holds true here as well.

@mikelee7582

2 жыл бұрын

Your final point "ensures that I actually get something" was my reason for choosing to go to the play after losing the ticket. If I already spent $20 on the play then I'm gonna see the play even if it's gonna cost me $40 I want to get something for the money I've already spent. If I lost one of 2 $20s then I might see the play or I might not. I haven't spent any money on it so then I've got to decide if it's worth my last $20.

This talk is very inspiring, I don't know why this get so much less views compared to other Ted talks

This is why i love TED Talks

One of those ones where you get to the end and just say wow

Brilliant and eye-opening speech. It's incredible that we have all these bias. We should study more our bias and "how we work" in order to improve how we make decisions and our impact in the society.

This is the best thing I've ever watched. Thank you. I'm blessed.

The answer to the 1st question optimizes my thoughts, excellent speaker

This man is so capable of opening people’s eyes

My mind gets blown every time I watch one of these. This one in particular blew me away...perspective concentrated. Thanks to this channel for exposing those of us who question objectively, to objective viewpoints that we must confront.

@samanthasmith858

Жыл бұрын

I had to sit up and listening to Dan Gilbert's Bernoulli's obsession. He literally shredded marketers' strategies by a simple psychological and behavioral perspective! However, the big question tonight is: Are we that far in that we can barely see his point?

it's a fantastic speaking, very informative man! TBO, I'm not a person easily moved by others, but man, you really provide some fun ideas to me and thank you with all my heart

Superb, wonderful talk. One of the best speakers I've heard, and he has something interesting & useful to talk about no less!

Good and bad are subjective, and each individual has his/her own definition of what good or bad is, I think.

@robertlavelle2183

4 жыл бұрын

I for one don't believe in good or bad but wholesome and unwholesome actions resulting in the like Karma

Took a while to comprehend but when he began using realistic examples, wow.

@mikesimmons3876

5 жыл бұрын

Did you stick to being “woke”? I even asked out loud, “ depends how hungry I am” for the $25 burger lol. Stick with it, much to learn.

@sharonchevalier922

4 жыл бұрын

Mike Simmons & xxNikkeh I am about to watch and listen again. I will be more focused this time and take notes!

the advice in the end was really inspiring

The Q & A session is more powerful than the actual talk! "If you had to solve one of these problem Chris which would you solve, terrorism or poverty?" Both are wonderfully convincing. I was told last year to buy "Stumbling on Happiness". After reviewing this talk, I don't have much of a choice do I?

Brilliant lecture! Thank you.

This was so very interesting. So many things to think about on a personal and professional level as a result of watching this.

Learned a lot from this mans speeches and book. Thank you

This is amazing. Teaches to behave on stock market, way better than all those stupid books and tutorials and courses.

Dan is a pleasure to listen to and intelligent.

What an incredible speaker. Aside from the obvious, a thank you very much sir!

@User0000000000000004

2 жыл бұрын

Incredible idiot more like it

a great speaker, a great talk.

Awesome lecture. One of the best I've found. Thank you. We needed that.

That was a great talk! I truly love TED for publishing these.

Mike from breaking bad taught me a lot. This was very interesting

@Sephajinami

6 жыл бұрын

I didn't even notice the resemblance until you said it. I can't unsee it XD

@rickybindahoose6193

6 жыл бұрын

He is what would happen if Walt and Mike fused into one ultimate meth dealer

@craigbenz4835

5 жыл бұрын

Mike and Walt are antithetical. I admired the Mike character, but despised the Walt one.

@SuspiciousFace

5 жыл бұрын

5:55 Walter White's backyard? 🤔🤔🤔

@hanamontanafan2009

5 жыл бұрын

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Excellent talk, and it rings true. Another area in which we've not evolved as fast as the environment we've created.

one of the best TED talks!

This is the kind of TED talk that you learn a lot from, but you need to watch over and over to make it stick.

Amazing research work on us behaviour. Great speach and presentation

Quite revealing. Thank you!

Once again, fabulous speaker, fascinating subject! On the lottery ticket purchase, I figure the fantasy of winning is worth $1 in itself. Also, at that point, my odds of winning are basically the same as the person's who will eventually win. But because I know the odds of winning are astronomical, it's the reason I will only purchase 1 ticket; you have to play to win. (It works for me!)

Regarding the lottery. The payout is so huge compared to the price of entry that it makes the odds of winning irrelevant because no matter how small a chance you have of winning, you do have a chance and your ticket is just as likely to win as anyone else's. I've heard people say of something that could probabilistically happen at any given time "We won't see this in our lifetime or for millions/billions/trillions of years because the odds against it are astronomical". They overlook that it is just as likely to happen now as it is to happen at any arbitrary point in the future.

@PrimoStracciatella

5 жыл бұрын

Right. Winning the jackpot is as likely the first time you play as it is after playing for 30 years.

I definitely prefer being a long term thinker and beginning with the end in mind

Thank you very much for the knowledge

Enjoyed the session, thank you!

Its seems to me that Bad Decisions come largely from Bad Information. Bad Input=Bad Output

@ricardobjrnlund-larsen5250

6 жыл бұрын

jjsiegal

@captaingreen4367

6 жыл бұрын

jjsiegal, however good input doesn't guarantee good output, perhaps people often jump the gun and assume they have all relevant information when in fact they do not.

@jjsiegal1

5 жыл бұрын

"We under-estimated the odds of our future pains, and over-estimated the value of our present pleasures...!"

@SteveWoolman

5 жыл бұрын

JUST LIES

surprisingly interesting and very very informative. the man's got it!

Great topic and nice relevant examples... There is a rational thinking in humans but most of the times we tend to ignore and move ahead.

it's about happiness because he's talking about, in a sense, the fabled equation for happiness. from what I understand, that's what behavioral economists study... how humans invest time, money, energy in search of happiness... what drives them to do so... and what we can do to manipulate that knowledge to our advantage. great talk.

Excellent. I thought I knew a bit on this topic but the speaker helped me think of things in a different and interesting way.

@andy4an

10 жыл бұрын

Excellent. I saw this a year ago and thought I understood it, but this was a great reminder.

Gosh this guy stimulates my brain like nothing else wow.

Compliments Daniel Kahneman's Thinking Fast and Thinking Slow nicely.

Great guest, great audience!

No more half measures. Thanks Mike.

Brilliant presentation.

18:30 it all depends on the needs in your life, if i dont really need $50 to survive for the month then i will wait for the $60 but if im in dire need of money for this month for instance to pay a bill and to avoid late fees then i will take the $50 dollars now and not wait a month for the $60

At 32 minutes he actually gives a solution for the issue at hand all that speaking less than 10 seconds of response.

This guy is such a great speaker!..i wish i could do that...

Thank you, Professor Dan Gilbert for showing how even people who aren't distressed choose poorly. Most people miscalculate gain and pain. It's no wonder distressed divorcing people make bad decisions.

@samanthasmith858

Жыл бұрын

On a relationship level, it works magic. I once asked myself, why I have only three exes and already tired. The reason is: decision making. I underestimated the odds of my past by overestimating the value of my present pleasures.

WOW, Someone who shares my point of view of the world! I couldn't have explained rational utilitarianism and how far we are from it better myself.

Best Ted talk in a while.

It's still a good example. His point is that the thing you're more able to recall is the thing you'll predict as more likely to happen. For the vast majority of people, it's easier to recall words based on the first letter. Even though your first thought was different from most people's, you confirmed the theory that your prediction of probability correlates with how quickly the idea comes to mind.

This is still more relevant than any other Ted talk

Wow! Jaw-Dropping Lecture! :) I wish all lectures on every university were so interesting and well performed as this one.

@fixthepix18

Жыл бұрын

True

i just started watching it and it'll have to be real impressive to beat the one from john hodgman but so far i'm impressed.

Thank you!

He's amaaazing

Love the talk. It really doesn't help that there are far more entities that WANT the masses kept stupid.

He got me almost every time!

Thank you.thank you.

good questions from the interviewer

Gave another perspective. Thanks.

Awesome speech!Nothing more to say.(And BMW ad in the end really surprised me :D )

Resonates so much with the covid situation now!

I love John Oliver take on winning lottery. The chance is equal to getting bit by shark and hit by lightning at the same time.

@sharonchevalier922

4 жыл бұрын

brian nguyen This is true! You at me going at “John Oliver” and then I saw you were just here 3 weeks ago.

Fantastic! Thanks!

OMG, Aubrey de Grey out of nowhere at 31:55. Haha! Awesome!

Great talk. Felt that whatever he said is true

That was friggin beautiful, I love it.

@User0000000000000004

2 жыл бұрын

I love your mom

That guy from the crowd that made a comment at the end seemed to be really pissed that he referred to the lottery as a stupid tax. Haha.

I love how the applauds was half it's size at 28:50… lol everyone was skeptical.

......depending on the circumstances I would choose the delayed gratification of the instant $50.00 provided the money was 1.) deposited in my bank account and 2.) the only stipulation was that it would not accrue interest and I could not touch it until 13 months were up. 3.) that assumes my current situation, I got money in the bank and my health is great. etc......... Still I liked the talk and the Q&A at the end was great..!

30:20 the voice of the man reminds me of Aaron from the Prince of Egypt

Burnouli. The man who invented the laws that allowed flight. I love that guy.

@Sashazur

3 жыл бұрын

Those kinds of laws aren’t invented - they’re part of nature already, but it takes a very smart person to see them and describe them.

That psychologist dismantled the economist view points and arguments. Which shows we are to evaluate situations in all the components of the human mind first before coming up with a conclusion to make a speech on any specific topic.

Excellent talk from Dan Gilbert and excellent intervention from "Jay Walker" at 30m02s (if I get that right). :)

Great talk! I was entertained the entire time and I feel a wee bit more confident in my ability to make more logical decisions, even though most of this information will evaporate from my mind by morning. Regardless, it was a great listen. Thanks Dan!

@alis7135

3 жыл бұрын

I hope you still remeber the important points of this talk! :D

This was very inciteful and logical. The first 10 minutes already had a lot of interesting stuff, and it doesn't even seem to have anything to do with the title.

lol. I'm sure he spent plenty of time on his speech, and there are plenty of really good examples and points. I just think this example highlights a serious flaw in certain ways of thinking about economics. It was fun talking with you, I definitely agree with your points about the power of marketing and sales -- it is a powerful tool, especially against those who don't understand it.

sooo good! so true and actually by the same point really sad!!

I stand corrected.