full transcript

From the Ted Talk by Daniel Goldstein: The battle between your present and future self

Unscramble the Blue Letters

To bring this to a wdier audience, I've been working with Hal and allainz to create something we call the behavioral time machine, in which you not only get to see yourself in the future, but you get to see anticipated emotional rnceoatis to different levels of retirement wealth. So for inanctse, here is somebody using the tool. And just watch the facail expressions as they move the sidler. The younger face gets happier and happier, saving nothing. The older face is miserable. And slowly, slowly we're bringing it up to a moderate savings rate. And then it's a high savings rate. The younger face is getting unhappy. The odler face is quite pleased with the decision. We're going to see if this has an effect on what people do. And what's nice about it is it's not something that baising people actually, because as one face smiles, the other face frnwos. It's not telling you which way to put the slider, it's just reminding you that you are connected to and legally tied to this future self.

Open Cloze

To bring this to a _____ audience, I've been working with Hal and _______ to create something we call the behavioral time machine, in which you not only get to see yourself in the future, but you get to see anticipated emotional _________ to different levels of retirement wealth. So for ________, here is somebody using the tool. And just watch the ______ expressions as they move the ______. The younger face gets happier and happier, saving nothing. The older face is miserable. And slowly, slowly we're bringing it up to a moderate savings rate. And then it's a high savings rate. The younger face is getting unhappy. The _____ face is quite pleased with the decision. We're going to see if this has an effect on what people do. And what's nice about it is it's not something that _______ people actually, because as one face smiles, the other face ______. It's not telling you which way to put the slider, it's just reminding you that you are connected to and legally tied to this future self.

Solution

  1. older
  2. wider
  3. instance
  4. reactions
  5. facial
  6. allianz
  7. biasing
  8. slider
  9. frowns

Original Text

To bring this to a wider audience, I've been working with Hal and Allianz to create something we call the behavioral time machine, in which you not only get to see yourself in the future, but you get to see anticipated emotional reactions to different levels of retirement wealth. So for instance, here is somebody using the tool. And just watch the facial expressions as they move the slider. The younger face gets happier and happier, saving nothing. The older face is miserable. And slowly, slowly we're bringing it up to a moderate savings rate. And then it's a high savings rate. The younger face is getting unhappy. The older face is quite pleased with the decision. We're going to see if this has an effect on what people do. And what's nice about it is it's not something that biasing people actually, because as one face smiles, the other face frowns. It's not telling you which way to put the slider, it's just reminding you that you are connected to and legally tied to this future self.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
commitment devices 6
savings rate 5
commitment device 3
virtual reality 3
resisting temptation 2
distribution builder 2
people find 2
show people 2
behavioral time 2
retirement income 2
younger face 2
older face 2

Important Words

  1. allianz
  2. anticipated
  3. audience
  4. behavioral
  5. biasing
  6. bring
  7. bringing
  8. call
  9. connected
  10. create
  11. decision
  12. effect
  13. emotional
  14. expressions
  15. face
  16. facial
  17. frowns
  18. future
  19. hal
  20. happier
  21. high
  22. instance
  23. legally
  24. levels
  25. machine
  26. miserable
  27. moderate
  28. move
  29. nice
  30. older
  31. people
  32. pleased
  33. put
  34. rate
  35. reactions
  36. reminding
  37. retirement
  38. saving
  39. savings
  40. slider
  41. slowly
  42. smiles
  43. telling
  44. tied
  45. time
  46. tool
  47. unhappy
  48. watch
  49. wealth
  50. wider
  51. working
  52. younger