TEDxBlackRockCity - Dan Ariely - Money Changes Everything

Why do we so often fail to act in our own best interest? Why do we promise to skip the chocolate cake, only to find ourselves drooling our way into temptation when the dessert tray rolls around? What are the forces that influence our behavior? Dan Ariely, James B. Duke Professor of Psychology & Behavioral Economics at Duke University, is dedicated to answering these questions and others in order to help people live more sensible -- if not rational -- lives.
Dan is also a founding member of the Center for Advanced Hindsight, and the author of the New York Times bestsellers Predictably Irrational, and The Upside of Irrationality.

[@ryanhartigan]

Is this at Burning Man? Yo this is the coolest place to give a lecture ever. New life goal haha

[@AmyZelt]

Wow wow wow. This changed a lot for me.

[@holsay]

He's a burn victim, which increases the skin sensitivity to sunlight greatly. The cape is to protect him from this (and he's in a desert, so there's really no surprise it's needed there!)

[@kattentissari3247]

Costume drama romanticism theatrix.

[@kattentissari3247]

But your explanation was more convincing

[@ConnorRunsFree]

Dan Ariely rules. I think i want to study JDM/Behavioral Economics.

[@summondadrummin2868]

Good talk! I'd add we've been conditioned to think of money in singular terms. This is merely due to the domination of one kind of money. We have yet to experiment much with the variables of possibility in reinventing money.

[@1brentok]

+Summondadrummin I agree.. Can you elaborate more on the variables? Thank you for this comment..

[@summondadrummin2868]

Brent Howard The Publics Money Supply is currently LENT into existence defined as interest bearing debts to private banking corporations. Money could be treated as a Public Utility and SPENT into existence by the Government. Basically this variable is how the money supply is Sourced and Defined~Spent or Lent into existence and by whom for what purpose. I think a significant portion of the money supply ought be spent into existence by the Government as a Basic Income to the whole population. Interest is the next variable. If I was to design the monetary system I'd probably follow the design Silvio Gesell described regarding interest. Suffice to say if we don't want money to be the master over society we need to really understand our purposes and what we consider to be truly valuable and design the monetary system accordingly.What do we consider the Real Wealth of Nations to be? If we think money is Real Wealth then the system we have is well designed for that.Thanks for thinking about this!

[@summondadrummin2868]

For simplicity sake here's what I'd suggest as variables. 1) How is the money sourced~ Publicly or Privately? 2) Is the Money Lent or Spent into existence? 3) What is it Backed by? If anything. 4) Is there positive interest attached? Or negative also called Demurrage. 5) Quantity and Velocity of exchange are two other variables.

[@shabnamrafique3638]

in some cases when you offer money to someone they think you're bribing them.

[@tdreamgmail]

I love how the women aren't laughing xD

[@apove1814]

It comes down to meaning.

[@j.treble5885]

Money is a fascinating topic. Your talk is terrific! Should be more of this discussed openly for IMHO money more supercharged topic than sex...virtually all wars are money related, other than perhaps the Helen of Troy tale from classical Greece where apparently sex was primary reason for that ten year war. We now have a war gone on for more than ten years, not for sex, but for those who already have far more money than could ever be counted, except w/a compute;r yet MORE AND MORE $$$ these people require, no matter the cost in innocent human lives lost, and the perversions done mostly by American military w/blessings of the American govt and its people. Another kindle for me to write i suppose now.

[@WoodSugars]

Guess we won't accidentally leave price tags on xmas gifts anymore...

[@JohnTupper]

I love is facial hair!

[@MovewithJenna]

Ok so what was the conclusion?

[@thegladiator4489]

The best behavior of human is they are irrational.

[@rsgirl10]

4:00

[@MoinKhan-fc4wh]

6:45 look at the women's faces they look so gloomy after hearing that lol

[@olajideasekun7119]

6:06

[@digitalmorgan]

Where's the proof or studies to back up these sweeping statements?

[@samuelgerstenbacher5501]

Read his book. He is a researcher.

[@anizak8151]

He has research paper called predictably irritational

[@IncredibleMet]

Why don't you just get them a thoughtful gift to say thank you that's probably worth $20 without telling them it is worth $20, the amount you were going to give them anyway?

[@krislanc1239]

awesome joke!!!!!

[@apove1814]

A low pay like $5 is an insult . It is like giving a waiter due a $20 tip on a $100 dinner, only $1. $1 would make the waiter raging mad. $5 would make insult the waiter. The amounts in these experiments are too low. Even the $40 wine , ONLY because the monetary cost was being mentioned while dually being handed “as a gift”. It is a gift when the cost of the gift is mentioned only to point out the irrationalness of the cost in gifting the item. Hand someone a $40 bottle of wine and tell them it was $40. Verses: Hand someone a $1000 bottle of wine and tell them it was $1000. It is no longer an insult.

[@black_star6077]

I think that's why he always specified they looked at small mounts of money, and that the motivation decreased to a certain point. A 1000 dollar bottle of wine would be way over this point

[@kschoeck]

Where is he in this video? the people are dressed weird.

[@NeilRamroop33]

Burning Man