Why Harvard Graduates Chose Lesser Economics - Robert Grant

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The Conscious Commune

The Conscious Commune

2 жыл бұрын

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Пікірлер: 359
@oldgreg315
@oldgreg315 8 ай бұрын
"The modern economy isn't driven by greed, it's driven by envy." -Charlie Munger
@spitfire4460
@spitfire4460 5 ай бұрын
it doesnt have to be one or another, its starter by envy and finished off by greed
@NazriB
@NazriB Ай бұрын
Lies again? NASCAR GrabCar USD SGD
@origamifox5180
@origamifox5180 Ай бұрын
Yeah that aged well today
@Razor1473
@Razor1473 9 күн бұрын
Absolutely not.
@wasayeditz7157
@wasayeditz7157 Жыл бұрын
Bruh they really took 160k over 200k 😂
@Smart_Soham
@Smart_Soham Жыл бұрын
They are not like you
@JohnJohnson-zt3bv
@JohnJohnson-zt3bv 11 ай бұрын
@@Smart_Sohamwe should be more like him then
@TejasShastri-lh2mq
@TejasShastri-lh2mq 11 ай бұрын
​​@@jeniusguy3540bro you think you're sounding 'uncommon and smart' but whatever you just said was plain stupid. Reevaluate your reply please
@TejasShastri-lh2mq
@TejasShastri-lh2mq 11 ай бұрын
​@@jeniusguy3540the question was not to provide every guy in the world a salary of 200k, but just a select few along with the students. That isn't a number big enough to cause changes in the value of dollar lmao
@wasayeditz7157
@wasayeditz7157 9 ай бұрын
@@Smart_Soham they don't know me son
@FloodedErnie15
@FloodedErnie15 8 ай бұрын
“I’m not winning if someone’s not losing” - Dodgeball movie
@lynako2546
@lynako2546 4 ай бұрын
The zero sum mindset is for the selfish
@FloodedErnie15
@FloodedErnie15 4 ай бұрын
@@lynako2546Nice guys finish last. The zero sum G R I N D S E T is for winners. 🦾❤️😸
@Turtledoeslife
@Turtledoeslife 3 ай бұрын
What part of the movie is that? Must’ve been White Goodman😂
@Literallyarealhuman
@Literallyarealhuman Ай бұрын
After graduating from Harvard, I would really hope that I make what I earn that has nothing to do with anybody else, but I know that everybody else will earn a lot because we have the same education
@shorto4058
@shorto4058 Ай бұрын
​Are you harvard business school students@@Literallyarealhuman
@madilynwilson1834
@madilynwilson1834 11 ай бұрын
I’ll choose 200k I don’t care about others , plus 20k difference is less than 40k loss …
@hellheaven4167
@hellheaven4167 10 ай бұрын
More money doesn't mean more value
@TahiaToha
@TahiaToha 10 ай бұрын
There’s a reason why you’re not at harvard
@Red-Rocket221
@Red-Rocket221 9 ай бұрын
​@@hellheaven4167in this case it does. More money = more money. This scenario isnt enough to change the value of the dollar
@hellheaven4167
@hellheaven4167 9 ай бұрын
@@Red-Rocket221 I know it not gonna to make any change but it's smart minds
@Unknown-np3sk
@Unknown-np3sk 9 ай бұрын
now think of this figures in billion or trillion if you want and the 87% of other people are more capable of you
@bryair6163
@bryair6163 11 ай бұрын
So they chose less money cause theyre egos cant handle someone having more than them
@riyahayden4292
@riyahayden4292 9 ай бұрын
Maybe they choose A because if let's say all that people earn 220k then, perhaps the inflation may rise especially in the city where most Harvard graduates would want to work. I know you can say few people earning 20k more than you will not make inflation rise. But we are just speaking from a hypothetical pov. Earning less than most people may make your value seems less when you want to change job. After a certain years, 160k and 200k wouldn't make that much of a difference in terms of spending or worth. A 200k and 300k would. There's a difference between money and value.
@georgesmithers5999
@georgesmithers5999 9 ай бұрын
@@riyahayden4292 you think a few hundred people are going to single-handedly change inflation...
@riyahayden4292
@riyahayden4292 9 ай бұрын
@@georgesmithers5999 not of the entire country but may be mainly the top job opportunity cities. Like how the rental price or even food sometimes differs per state.
@HAL-sk7bs
@HAL-sk7bs 8 ай бұрын
Harvard is hard to get into, most Harvard students are extremely competitive and egotistical
@BufABuffalo
@BufABuffalo 7 ай бұрын
Why else would they go to harvard
@Vinit_jain333
@Vinit_jain333 Ай бұрын
“ Excess of demand over supply causes inflation “ ~ A harvard student
@Mark5ive5
@Mark5ive5 7 ай бұрын
This is like getting a 200,000 salary and paying $40,000 each year to make sure everyone else is capped at $150,000. Over ten years that is $400,000 you walked away from.
@kcnl2522
@kcnl2522 Ай бұрын
You think harvard graduates with their rich parents give a single F about 400k?
@sparemedat5453
@sparemedat5453 5 күн бұрын
@@kcnl2522not all are that rich
@coachtaewherbalife8817
@coachtaewherbalife8817 Ай бұрын
I don't tell people my salary, and I don't ask theirs. I'm happy getting more money even if I'm low man.
@random7044
@random7044 4 ай бұрын
A lot of people at Harvard are rich… even if their income is less than yours, they can ask their parents for more money than you. Most of them could cover that 10k difference with a single phone call to their parents just choose the 200k
@productivityprime
@productivityprime 5 ай бұрын
I think it might be because, even though the nominal money ($200k) is more in scenario B, if everyone else is getting more, then the real value of that money will be less. This is because, everyone will have more money, their demand will increase, which will cause the prices and hence inflation to rise. So, the real value of that 200k would be less. And it might turn out that if enough people are there getting more than them at $200k, the real value of the $160k in scenario A might be of more value/may have higher purchasing power.
@user-sy3xb9ty7c
@user-sy3xb9ty7c 3 ай бұрын
I thought like that for a second but then again he said the average salary of the graduates which will have close to no effect. I think it’s what would make myself consider it, such as, being judged for being under standards that were set for these people, so in my conclusion it’s ego of people that proven to achieve a lot making their ego probably also above average
@Dantm928
@Dantm928 2 ай бұрын
​@@user-sy3xb9ty7cMaybe its the other way around? Because thousands of graduates cannot have significantly less income per output collectively by chace so the inflation of the counrty must've been high in condition b.
@cherifc9391
@cherifc9391 2 ай бұрын
That’s not enough to cause any economic shift so no
@anandghildyal2196
@anandghildyal2196 2 ай бұрын
If I am better paid than others (market rate) then it will look good on my resume. I GET MORE BECAUSE I AM BETTER, therefore pay me some more.
@Vasco19981
@Vasco19981 Ай бұрын
⁠@@Dantm928 exactly. If all Harvard students are paid like that, by inference you know the rest of the market, and logically it represents the inflation perspective. The scenario A is not about greed vs your peers, it is a logical choice for more value.
@diegoamores9295
@diegoamores9295 4 ай бұрын
The issue is there’s implied inflation in the question, which they probs considered
@MrMultiHillo
@MrMultiHillo 2 ай бұрын
Yes, I was about to come here say this too. Perhaps they realized scenario A has better economical scenario overall in society rather than who is ”winning”. Just another ”study” here making economic students stereotypically selfish. But to be fair this same study could be asked from almost any group with this same result for scenario A (but without understanding of inflation etc).
@DazzledBanana
@DazzledBanana Ай бұрын
Almost a good point… but the hypothetical was for a single class… that’ll hardly make a dent on inflation
@jakegrant6783
@jakegrant6783 Ай бұрын
You make more than the average Harvard graduate or less is probably how the question came across
@michaelphillips3467
@michaelphillips3467 10 күн бұрын
that’s why he said “all dollars are constant” … to disregard that issue
@tatiana_7767
@tatiana_7767 Ай бұрын
Salary also reflects inflation and economic situation. Thus, $200k a year could be lower than $160k since it is lower than average salary and vice versa. The worth of the money changes under different inflation rates.
@michaelphillips3467
@michaelphillips3467 10 күн бұрын
he quite literally said “all dollars are constant” bro…
@Andalusian_
@Andalusian_ 11 ай бұрын
1. Prime example of behavioral economic theory 2. The answer to this also has to do with long-term inflation and long-term salary because you don't want to be less than average and have lots of inflation
@Nishaajain01
@Nishaajain01 11 ай бұрын
Can u explain more😭😭
@athuljose7107
@athuljose7107 11 ай бұрын
buddy a few individuals getting 200k or 220 ain't gonna do much to our economy
@Andalusian_
@Andalusian_ 11 ай бұрын
@@athuljose7107 buddy, I covered that in point 2. learn to read and understand instead of being an ignoramus nuisance on the internet.
@athuljose7107
@athuljose7107 11 ай бұрын
@@Andalusian_ fair enough bud
@CrystaLies
@CrystaLies 10 ай бұрын
Inflation sucking our soul, for example here in the Philippines, Milo is just 7 pesos, A milo sachet back in the day now its 12 pesos 🗿 bro's increase his height more than i increase mine. ( I'm 5"2 I have every right, every reason to became a villain )
@nonamenolastname59
@nonamenolastname59 3 ай бұрын
Thats cuz if u earn more than the entire class of HBS means your somebody and you can go far
@HornetCucumber
@HornetCucumber 4 ай бұрын
Imagine this scenario. If you are better than others then top companies will hire you, you get best of everything, government wants you with them to make policies. If you are last, then there is some problem in you. You might have a hbs degree but no future perks out of it. The winner gets all is up there. They don't serve mediocrity up there in the top 1 percent.
@MLGRDR
@MLGRDR 3 ай бұрын
This is what I was thinking but all the other comments seem to be more analytical about the economic value rather than what it says about how well-versed you are in your subject in comparison to others
@Literallyarealhuman
@Literallyarealhuman Ай бұрын
After graduating from Harvard, I would really hope that I make what I earn that has nothing to do with anybody else, but I know that everybody else will earn a lot because we have the same education
@paulnejtek6588
@paulnejtek6588 Жыл бұрын
Scenario a makes sense from the standpoint of one upsmanship
@clemfarley7257
@clemfarley7257 Күн бұрын
Many of these kids will become people who have a profound effect on lives.
@JAME_GUMB
@JAME_GUMB Ай бұрын
I had to listen 2x because i thought i heard it wrong😅.... Who tf cares what other people are making.. show me that cheddar.. "Comparison is the thief of JOY"
@jshivasubramanian273
@jshivasubramanian273 6 күн бұрын
If your Salary is 200 and everyone else is making 220, the commodity prices will be high. It doesn't matter if I make 1 billion a year, If 1 kg tomato is selling at 1 million
@ExcisionsX
@ExcisionsX 5 ай бұрын
A lot of people are missing the key word: “on average” which is present in both scenarios. If you’re in group A and are making 160 relative to the AVERAGE of 150, you’d only typically be in the upper 40% or so of class earners if we assume a normal distribution. In group B with your earning being 200 relative to the AVERAGE of 220, I’d assume a similar situation due to the normal distribution curve but just flipped- you’d be in the lower 40% of earners for the class. Bottom line is you aren’t beating everyone in scenario A, and not everyone is better than you in scenario B. With the value of dollar being constant, I don’t see why anyone wouldn’t choose B.
@blackhax36
@blackhax36 5 ай бұрын
@ExcisionsX You're over thinking this. He explained it to you in the video. They want to make more than the rest of their class. It doesn't matter the amount or the logic. Fundamentally, they are driven by having more than the rest not having more for themselves.
@Spirited_Away
@Spirited_Away 4 ай бұрын
See,that doesn't matter... Because 40k a year is a good chunk of money...Even If I'm down 20k from the others of group A I wouldn't be unhappy about it..I can invest and grow it more because I'll be having more than I could If I was choosing B..Besides,being the bottom G in the top 40% club is pretty good for you even in this age inflation...and It's not money that brings happiness but it's what you can do with money that...More money means I can live a bit more comfortably So I guess It's not at all a loss
@ClifAlegu
@ClifAlegu 4 ай бұрын
You must be a Harvard alumni
@tahaforce7402
@tahaforce7402 2 ай бұрын
But fr in the first try, i chose 200k, but after i thought a lot, it is better to be on top, but with lower money, you feel me???
@maximushoe8913
@maximushoe8913 Ай бұрын
Ego vs Money thats why 87% chose A. They let their Ego controls over the $.
@ArtsyCraftYT
@ArtsyCraftYT 7 ай бұрын
I would choose A because it has potential to keep bringing money in rather than having it right now
@FAHAD-el6ic
@FAHAD-el6ic 2 ай бұрын
No, it’s the prestige. It’s the honour. It’s the high end thing that you got . Everything can’t be bought with money.
@user-gn7wb7ht1b
@user-gn7wb7ht1b 5 ай бұрын
If you earn more than your peers, then you have better purchasing power even though you are quantitatively earning less money.
@TheTrecet
@TheTrecet 7 ай бұрын
There is a interesting paper about this. Basically saying that people hate being disadvantaged compared to others more than being ahead in the same situation.
@divyajohn8936
@divyajohn8936 7 ай бұрын
Its all about doing relatively better than peers
@PaladinLeeroy42069
@PaladinLeeroy42069 5 ай бұрын
I’d pick A just cause the latter is probably a way more stressful position
@waterdragon2012
@waterdragon2012 9 ай бұрын
Quintessential Harvard mentality
@candacephuong
@candacephuong Ай бұрын
My mom says the importance is: can you handle the job at $220k vs having the the job at $160k as a new grad?
@inscanada2612
@inscanada2612 4 күн бұрын
"value lies in comparison". READ THAT OVER N OVER UNTIL YOU GET IT.
@HornetCucumber
@HornetCucumber 4 ай бұрын
If you are in top 1 percent of the class then all top companies want you with unlimited opportunity. If you are last then no company wants you. Maybe inflation is also high so that money is no good.
@smithmark4373
@smithmark4373 3 ай бұрын
If you ain't first, you're last - Ricky Bobby (and Ricky Bobby's Dad) Defining attitude of modern economic climate
@user-ti5cw1ug6l
@user-ti5cw1ug6l Ай бұрын
Isn't money and value relative though? If everyone has more than you then you aren't rich. If everyone has less than you then you are. Also, isn't it quite normal for students to compare with their classmates and direct contemporaries rather than the average of a population or some other far removed statistic? Depending on what is considered, $160K in one scenario may seem more valuable than 200K in another in terms of purchasing power. Ego probably isn't the main thing they were thinking about.
@deadplex3995
@deadplex3995 Ай бұрын
Reputation is more important than money
@bryancanizales9772
@bryancanizales9772 8 ай бұрын
They chose A to make sure that their economy was the strongest economy in the room.. no one wanted to be the weakest link even if it mean having more money. That’s what a lot of investment firms strive for, power and control.
@rupalkumar4464
@rupalkumar4464 Жыл бұрын
If you're taking the perspective of "Having" and wanting to maximise welfare with the subset, any rational economist would choose option B as you are maximising your own position. Economist are not all the same, the elite who comes to these top-tier schools are also more prone to ideology and left-leaning bias, this is supported by the fact economics is very much intertwined with politics in today's age.
@sterjexiii2416
@sterjexiii2416 9 ай бұрын
I prefer A too
@amarganapathy
@amarganapathy 11 күн бұрын
When you earn more than your peers, your purchasing power is more than other. this puts you in upper hand. This is the Power of macro thinking... having a full meal at 3* hotel is better than a snack at 5* hotel.
@MehediHasan-hf3do
@MehediHasan-hf3do Ай бұрын
When everyone else makes more money than you, your buyability eventually becomes less. After all assets in that society is constant. This basic thing shaped our mind of getting better than others rather than focusing on myself only.
@paternyao
@paternyao 21 күн бұрын
It’s about how they rank & purchase power over competition; not the amount. The top part of Maslow’s pyramid explains that. It’s actually a lot more rational than most people would think.
@antoncigur3727
@antoncigur3727 28 күн бұрын
They've chosen right. Purchasing power parity wise they are richer with scenario A than B
@henrytan5707
@henrytan5707 5 ай бұрын
The better choice is of course A, the B is a situation of inflation and your own poverty 😅 You can't evade inflation in real life, and you should not make unreal supposition for real life lesson 😊
@user-ez3oj9oq9e
@user-ez3oj9oq9e 7 ай бұрын
Money in Money out!
@catatonicbug7522
@catatonicbug7522 Ай бұрын
It's not enough that I should succeed. Others must fail.
@usermissingonearth
@usermissingonearth 4 ай бұрын
Because it will increase cost of living and the 200k dollars relative price less than 160🎉
@nbagaeboi1971
@nbagaeboi1971 19 күн бұрын
a 150k $ job has way less expectations than a 250,000$ job and regardless the job is just a platform to start your real assets as in stocks, real estate, or even owned businesses
@prishsoni1269
@prishsoni1269 6 ай бұрын
it's about value not amount
@Krucezam
@Krucezam 10 ай бұрын
first they are not smartest but rather privileged
@stefanokuoimose7991
@stefanokuoimose7991 9 ай бұрын
🧢
@ahmedxaziz2960
@ahmedxaziz2960 10 ай бұрын
no they chose the smart move. you knoww money has value, its not just paper. and its just a replacment for rare things that humans value and do trade. if you have more of it then anyone esle than you are on the clear, but if you have it less than other people , you will strugle. no matter what the amount, dollar, millions or billions they are just numbers.
@lemonstrangler
@lemonstrangler 8 ай бұрын
yeh thats what i thought. i feel like he didnt give a lot of context, information was missing, yet he blamed the students for getting the question 'wrong'
@friendsfrenz1944
@friendsfrenz1944 7 ай бұрын
that's such 1 dimensional thinking
@lemonstrangler
@lemonstrangler 7 ай бұрын
no thats 3d thinking bro @@friendsfrenz1944
@someonethirsty1957
@someonethirsty1957 7 ай бұрын
He said all dollars are constant. The money a class of Harvard graduates earn is not enough to inflate the currency.
@TheAsianRepublican
@TheAsianRepublican 6 ай бұрын
first, he totally made that incident up. second, the population is not simply your classmates, when you get the $200,000 It's relative value to the entire population
@zareentasneemnoory9258
@zareentasneemnoory9258 5 ай бұрын
So I'm doing my undergrad in economics and i did the behavioral economics course. People choosing option A is what we see every other day in different situations because every individual wants to be better off compared to another. But there's still my utility maximization, and my utility lies in the $20000, because by getting less than others I'm getting more myself. I'll gladly choose option B without thinking much.
@vgk9884
@vgk9884 11 ай бұрын
87 percent of them were right as the purchasing power and style of living will be better with option A when compared to the peers. 😂
@madilynwilson1834
@madilynwilson1834 11 ай бұрын
20k difference is less impactful than 40k loss
@Red-Rocket221
@Red-Rocket221 9 ай бұрын
Its not enough to change the value of the dollar though
@lemonstrangler
@lemonstrangler 8 ай бұрын
but maybe they thought in the context of thats the norm, like everyone else is getting higher pay @@Red-Rocket221
@TVS...l-_-l...
@TVS...l-_-l... 8 ай бұрын
Glad...someone finally speaks English
@lemonstrangler
@lemonstrangler 8 ай бұрын
exactly what i was thinking. does this professor know about his field ? lol@@TVS...l-_-l...
@elonmucks4788
@elonmucks4788 Ай бұрын
No actually if more people have more money the money will be less valuable if less people have more money then the money has value smart call by harvard students
@ajedrezcondaniel4975
@ajedrezcondaniel4975 Ай бұрын
That would apply on a larger scale not on the earnings of just Harvard graduates…
@coachtaewherbalife8817
@coachtaewherbalife8817 Ай бұрын
That only applies if the govt prints more money because of the higher salary. To get $200k to have the same value as $180k, the govt would to print an additional 10% over the base money supply. If the govt changes the money supply by that amount, you'd best emigrate.
@vamsikrishna8793
@vamsikrishna8793 4 ай бұрын
Companies are ready to pay the majority of cohort 220k means the global economy is suffering Inflation. His point will be valid when the prevailing situation in both the choices are the same.
@lilbrusselsprout8261
@lilbrusselsprout8261 2 ай бұрын
If inflation is held equal that of course choose 200k. But there is an implication that "everyone" is making 220. So you are making below average. In the other scenario 160k is above "everyone" therefore has more relative buying power.
@skymore2948
@skymore2948 6 ай бұрын
I Dreamed A professor like that.
@willmichael4033
@willmichael4033 6 ай бұрын
It’s not really that surprising. Spend a bit of time with MBA students. It’s easy to see that they’d get more personal utility from out earning their peers than they would the extra $40k.
@MehoyMinoy1
@MehoyMinoy1 8 ай бұрын
I’m nowhere near University or College in terms of intelligence, but I would rather take option B, because it’s a big chunk of money and I would continue to focus on myself and forge my economic path even further than to worry about others as competition, resulting in unnecessary envy which can cloud both my focus and judgement to try and achieve further success.
@utorrent01
@utorrent01 23 күн бұрын
Reduces inflation
@user-lo6hl3hj8z
@user-lo6hl3hj8z 5 ай бұрын
Good job🎉🎉
@zerozero8829
@zerozero8829 Ай бұрын
Most people value status very highly
@_v2.0
@_v2.0 3 сағат бұрын
Would you rather make more than the average Harvard grad or less? It isn't about having a fragile ego or greed. The kids chose correctly. The quality of the average graduate doesn't change. The higher salaries are just inflated. The value of money is relative to the amount of money in an economy. Ppl in the comments are dunking on kids for choosing to have better purchasing power lmao 😂.
@anaayala6865
@anaayala6865 Ай бұрын
I haven’t gone to a university and would’ve been the 20% who knows how that would positively impact our economy
@CasperMoes-vv2yl
@CasperMoes-vv2yl 7 ай бұрын
Its just greedy. They didn’t learn Economics they learned business. (Remember he said all dollars are equal, meaning 200 Can buy you more than 160 no matter what others make)
@willmichael4033
@willmichael4033 6 ай бұрын
This is an economically rational decision if the 87% get more utility out of out earning their peers than they would from the extra $40k. Economics isn’t just about money…
@CasperMoes-vv2yl
@CasperMoes-vv2yl 6 ай бұрын
​@@willmichael4033I think we mean the same thing. The reason they (the 87%) chose option A is (i agree) because they get more "utility" from that. But the only reason they get more utility is because they are self centered and want comparativly more for themselves. In other words, they are greedy.
@doraemonpawnz
@doraemonpawnz 5 ай бұрын
​@@willmichael4033utility of what? If they don't trade with one another, that utility is moot. This is not a zero sum game
@mango-nz7kp
@mango-nz7kp 2 ай бұрын
They considered inflation which is smart of them
@edel257
@edel257 2 ай бұрын
I m not surprised at all. They got into Harvard because they were competitive
@lemonstrangler
@lemonstrangler 8 ай бұрын
i think they interpreted the question differently tho
@Ji-ww9sr
@Ji-ww9sr Ай бұрын
It’s not ego it’s logic.. wealth is relative. For example, if you increase your total asset less than the inflation rate, you’re basically getting poor every year compared to others. They chose A because they getting richer relatively, instead of B where you get poorer every year within the assumptions.
@lraoux
@lraoux 2 ай бұрын
Would you rather be with a girl who’s a 6 and all your friends have girlfriends who are 5’s, OR be with a girl who’s a 7, while all of your friends have girls who are 8’s?
@BENNY-THE-DOG
@BENNY-THE-DOG 2 ай бұрын
I'd rather not have a girlfriend if I'm more attracted to my friends then my own
@lraoux
@lraoux 2 ай бұрын
@@BENNY-THE-DOG That doesn’t answer the question. I’m curious to know why you couldn’t just replace the term “girlfriend” with “partner,” and then answer.
@Damadoo
@Damadoo 11 ай бұрын
They are competitive. Not survivors.
@Izaiah333
@Izaiah333 8 ай бұрын
Pride is a mf, I’ll Take B all day , because i can network with people who have equal or more money then me , and I’d be helping someone. And logically the amount of money someone else has does not determine success. That’s why personal goals are important for personal development. Solutions to problems create wealth.
@mjathena844
@mjathena844 Күн бұрын
Less money but more than others is better than more money but less than others. It wasn't greed or envy speaking. It was basic facts. If everyone makes more than you, the cost of life will go up and now you are broke and below the average. If the opposite happens, you will live above average with less money. It's basic common sense. Harvard students did get it right
@peterwong5993
@peterwong5993 4 ай бұрын
If dollar is constant i will choose B, but if dollar value is allowed to fluctuate due to inflation and the salary presented is equal to majority, im going to choose A.
@saakshat__kataria
@saakshat__kataria 6 ай бұрын
The reason behind it is not just about some grand 😂😂. Students imagine a scenario where they accept beginners level salary is 150000 but they are getting more as their skills matter more . 😂 If he say them both of these A and B scenario are happening at the same time, then they would have probably chosen option B 😂 he thinks students are stupid but ourself asking stupid question without elaboration.
@urveshdobariya1315
@urveshdobariya1315 6 ай бұрын
I will choose A - in real world A is right option to choose , believe it or not When you make less than people around you , you will see their real faces - which no one should see - no matter how honest , smart and hardworking you are but if you are making less than them they will disrespect you, you will be excluded from their circle and more things that cant be explained If you can't win then try not to loose
@ramondpederson9570
@ramondpederson9570 3 ай бұрын
Well they need to be making more than everyone else they are supposed to be elite. Why go there for the contacts to come out button barrel?
@brayan8346
@brayan8346 5 ай бұрын
They are brilliant, even if it's not intentional. What happens when more money competes for the same goods? Inflation, therefore, the additional pay may not be higher. This on my makes sense in a petri dish.
@raghavgarg4884
@raghavgarg4884 4 ай бұрын
More money will eventually increase the price of commodity
@noot3316
@noot3316 8 ай бұрын
I was trying to think of a way to justify taking A. Like, “others having more money might drive up the cost of everyday items,” or something like that, but no, business students are just dumb.
@Davidsavage8008
@Davidsavage8008 8 ай бұрын
B . as business , I could get more Capitol if people had more to spend on my produce .
@maddmotorz6252
@maddmotorz6252 9 ай бұрын
they dont mention other variables whats the average starting salary.. you always want to be making more than average. if the starting salary is 150k for business schools..then scenerio b of course. this guy is just trying to talk like he has a purpose for being on stage really his just nonsense
@tathagatkumar7186
@tathagatkumar7186 3 ай бұрын
True word
@user-fe3ku7dr5p
@user-fe3ku7dr5p 2 ай бұрын
I chose B
@servantsmith4589
@servantsmith4589 4 ай бұрын
No its about showing off am the big man
@daughterofgorgias7235
@daughterofgorgias7235 7 ай бұрын
I remember that this was different and the students had chose A because of different reasons and I think he misremembered or said something wrong about the equation because it doesn't make sense for students to get 160k instead of 200k. Only those graduated in that year is not going to change economy for us to talk about inflation or other matters
@wakinglife7065
@wakinglife7065 6 ай бұрын
The president of Harvard is a Haitian immigrant who is solely focused on minorities and power so this study makes complete sense. You’d be crazy to hire a Harvard grad. It’s a misnomer they’re clever. Atleast 30% of students have a gpa of 2.0 or less. They just have to fit into a minority column specifically black, Islamist and transgender
@DeepVoiced
@DeepVoiced 26 күн бұрын
Money loses value when abundant. If all other students get $220k, your $200k wouldn’t be worth as much. If they all get $150k, your $160k will be worth as much. It’s about purchasing power and the value of the dollar, not the number itself without relating it to the external world. Money is relative.
@aryamore6343
@aryamore6343 29 күн бұрын
If everyone else earns more than you, then indirectly your purchasing power decreases. If your salary doubles and rests' salary triples, you would be poor. Harvard students made the right decision.
@Patience2dream
@Patience2dream 4 ай бұрын
Another way to put this is would you rather be slightly lower class in 2023 or upperclass in 1850? Which will make you happier? Chances are, most people would choose upperclass in 1850 even if they don't have access to modern day things, because it's not about what you have/don't have, it's about what you have/don't have relative to others (unfortunately) that makes you happier or not
@BENNY-THE-DOG
@BENNY-THE-DOG 2 ай бұрын
No one in their right mind would choose upper class in 1850s.
@kiransankarpati
@kiransankarpati 2 ай бұрын
They did not understand game theory , sunk cost theory , and probably price discrimination too .
@Ida20
@Ida20 3 ай бұрын
They would rather make $150 than $200? That’s just plain dumb.
@DangerHacker849
@DangerHacker849 3 ай бұрын
I'ma Go With Scenario B
@thirsty3333
@thirsty3333 26 күн бұрын
Bruh I don’t need to go to Harvard to understand I’m taking that 200k FOH
@MalvernThekwane
@MalvernThekwane 2 ай бұрын
Take the 200k and spend some of it on an investment or service provider to get that 220k that the others have
@cy-taku3952
@cy-taku3952 10 ай бұрын
A 160k-150k B 200k-220k I don't see any reason on why choose A and not B for B it's only a 20k difference and does earning 200k affect on how high you pay your taxes compaired to if your earn 160k, the tax is basically the same but not sure depends in which country your from
@understanding.everything
@understanding.everything 10 ай бұрын
Welcome to Western education on money and ponzi economics 😂😂
@ninabessaiah1388
@ninabessaiah1388 9 ай бұрын
In my opinion if every student had 220k while you're the only one having 200k the taxes and prices will change so the other students with 220k will not be effected by them but it will effect you ,cause in this situation the 220k will be the normal while you will be the different one for having less , so to have more than everyone is better.
@roronoazoro87118
@roronoazoro87118 7 ай бұрын
@@ninabessaiah1388bruh they are like 100 students it changes nothing not everyone in the world is getting 220k so it shouldnt matter
@TheAsianRepublican
@TheAsianRepublican 6 ай бұрын
taxes are tiered and progressive, you'll get taxes a particular rate for the 0-120k portion, 121k to 160k portion, 161k to 200k portion, ...for example, so getting taxes more is not an issue. but the world or country population is large compared to the population of your classmates , so of course 200k is better, 3rd this question incident never happened, he lied
@MansiVerma-gd4pw
@MansiVerma-gd4pw Ай бұрын
they are just more rich
@kisse_2024
@kisse_2024 8 ай бұрын
There are two economies. Each person earns average salary of 150000 and that's their purchasing power and you get more purchasing power than others. In second situation, everyone except you have more purchasing power. If everyone can use 220000 dollars then that economy has higher inflation rate then the first one,means scenerio a is a good choice, maybe.
@jeehoichan8043
@jeehoichan8043 2 ай бұрын
I mean it depends. Is ur pay higher than the rest because you are doing something that is more important which others can’t? So in that way 160k may have more leverage than even 200k because it shows that you’re more important to the workplace, thus you can probably negotiate for a higher salary if switching companies.
@aa.official5097
@aa.official5097 Ай бұрын
They chose high hierarchy over other....
@zubairkhankharooti3621
@zubairkhankharooti3621 5 ай бұрын
Some how my mind is telling me to chose 160k.. Bro this life is all about comparison You do thing not because you will get s goid life But just because you wanna be the king in the room You cant be king if someone us better then you Thats how humans think
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