Why we need evidence-based decisions in every business | Christina Gravert | TEDxManchester

Would you use a medicine that was never tested before being sold in pharmacies? Every year the UK government spends £400 billion pounds of our money without any evidence that this money is actually being spent effectively. When you broaden the picture globally it easily expands into trillions of pounds every year spent without real evidence to show its being well spent. The maddening thing is that this is nearly all avoidable. Economist Christina Gravert will discuss why we need to make testing and evidence-gathering a fundamental part of our public and private sector cultures and points us to people and organisations leading the way as well as some tips on how you might begin your own journey. Since the awarding of the 1978 Nobel Prize in Economics to political scientist, Herbert Simon, the influence of behavioural economics has only continued to grow both in the field of economics as well as in broader policymaking.
Originally from Berlin, Christina is now based at the University of Copenhagen where she is an Associate Professor of Economics and is one of the rising stars in the field. In 2020, Forbes Magazine recognised Christina’s growing influence by naming her as one of their top “10 Behavioural Scientists You Should Know”. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

[@joseaparecidosilva289]

Excellent video, thanks.

[@christinagravert7952]

Thanks for watching, everyone! I hope you feel inspired to challenge your gut feeling and experiment with what works!

[@shoaibshah5392]

Nice video

[@Jeustful]

We should.

[@przemekf7046]

Bardzo ciekawe pomysły i wyniki badań. Bardzo dobra wypowiedź. Niby takie oczywiste, ale jakie zadziwiające. Polecam obejrzeć.

[@Schubeedoobee]

the obvious is, well obvious. as SOON as you introduce extrapolation of ABX data to any decision, you fundamentally change that data. extrapolation is the MOST UNRELIABLE method to measure a trend.

[@erikeippel]

Best practice alright👍🏼

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From my own understanding, you need to invest wisely, if you need the good things of life. so far i've made over $470k in raw profits from just q4 of the market from my diversified portfolio strategy and i believe anyone can do it you have the right strategy. mutual funds takes a while but investing wisely is the key for short term. Most of us pay more attention to the easy position in the market to the cost of proper diversification.

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She helped me regain what I lost trying to change

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I think she's the best runner I've ever seen

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[@d_ken]

@Helen wolf Who is this professional that everyone talks about? I always see her post in the main comment on every KZbin video I saw.

[@shoaibshah5392]

Osm video

[@Omnill]

Всем привет, желаю всем любви и добра💖🤗 🙏

[@maratmarat1386]

I am in prison now and write it from prison.when i came to here 5years ago this idea come to my mind,that after finishing school,if government forced me to be in a prison for two days,after that experience i would not to make a any crime.but this video shows that me and the governments who use this program was not right.the only good thing at here that i have a huge amount of free time and could learn languages and many important areas like, psychology, finance, marketing e.t.c what i already did

[@sahinyasar9119]

This is obvious but we also need evidence-based decisions in every election too

[@michaelwoodsmccausland5633]

End Subjective Social Engineering

[@geneleboyce]

That’s what we innovators called limited thinking. Only limitations we have are created by our minds and it’s fears.

[@davidwestwood6850]

That and some laws of physics.

[@geneleboyce]

@@davidwestwood6850 yes quantum physics or rather mechanics where everything is possible simultaneously

[@jeffk464]

Wow, a TED talk about rational budgeting rather than a speaker just making a "and it should be free" statement.

[@michaelwoodsmccausland5633]

Scared straight

[@motivationarm1265]

Business opportunities are like buses, there’s always another one coming

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😏 Maybe We're The 1st Spiritist* Pop-Metal Or Rock Band In This World. But Don't Pay Much Attention To Our Neanderthal English, Haa Haa ❤️ Haa *NOTE: Spiritist is who professes Spiritism, the Gospel continuation It has began with the books by Allan Kardec and continued in the books by Francisco C. Xavier, the greatest and more important medium/prophet of spirits of the last centuries.

[@michaelwoodsmccausland5633]

We’re they scared straight or glamorizing

[@michaelwoodsmccausland5633]

Psychogenic effects

[@Your_Wife.s_Boyfriend]

She sounds like a diversity hire tbh

[@angelarac1554]

You dont need evidence in front of God! He knows it alll