full transcript

From the Ted Talk by Shlomo Benartzi: Saving for tomorrow, tomorrow

Unscramble the Blue Letters

So we talked about all sorts of behavioral challenges having to do with savings eventually. Whether you think about immediate gratification, and the chocolates versus bananas, it's just pnfaiul to save now. It's a lot more fun to spend now. We talekd about inertia and organ donations and checking the box. If people have to check a lot of boxes to join a 401(k) plan, they're going to keep procrastinating and not join. And last, we talked about loss aversion, and the myoneks and the apples. If ppeloe frame mentally sinvag for retirement as a loss, they're not going to be saving for retirement.

Open Cloze

So we talked about all sorts of behavioral challenges having to do with savings eventually. Whether you think about immediate gratification, and the chocolates versus bananas, it's just _______ to save now. It's a lot more fun to spend now. We ______ about inertia and organ donations and checking the box. If people have to check a lot of boxes to join a 401(k) plan, they're going to keep procrastinating and not join. And last, we talked about loss aversion, and the _______ and the apples. If ______ frame mentally ______ for retirement as a loss, they're not going to be saving for retirement.

Solution

  1. monkeys
  2. people
  3. talked
  4. painful
  5. saving

Original Text

So we talked about all sorts of behavioral challenges having to do with savings eventually. Whether you think about immediate gratification, and the chocolates versus bananas, it's just painful to save now. It's a lot more fun to spend now. We talked about inertia and organ donations and checking the box. If people have to check a lot of boxes to join a 401(k) plan, they're going to keep procrastinating and not join. And last, we talked about loss aversion, and the monkeys and the apples. If people frame mentally saving for retirement as a loss, they're not going to be saving for retirement.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
behavioral finance 8
behavioral challenges 4
richard thaler 3
great job 2
household spends 2
thousand dollars 2
money mistakes 2
mistakes people 2
ted event 2
wonderful study 2
present bias 2
takes effort 2
twelve percent 2
percent check 2
organ donors 2
loss aversion 2
extremely powerful 2
solid plan 2

ngrams of length 3

collocation frequency
money mistakes people 2

Important Words

  1. apples
  2. aversion
  3. bananas
  4. behavioral
  5. box
  6. boxes
  7. challenges
  8. check
  9. checking
  10. chocolates
  11. donations
  12. eventually
  13. frame
  14. fun
  15. gratification
  16. inertia
  17. join
  18. loss
  19. lot
  20. mentally
  21. monkeys
  22. organ
  23. painful
  24. people
  25. plan
  26. procrastinating
  27. retirement
  28. save
  29. saving
  30. savings
  31. sorts
  32. spend
  33. talked