full transcript

From the Ted Talk by Colin Camerer: When you're making a deal, what's going on in your brain?

Unscramble the Blue Letters

Now I'm going to show you the results from the EEG recording. Very complicated. The right bairn schematic is the uninformed preson, and the left is the iromfned. rmmeeber that we scanned both brnais at the same time, so we can ask about time-synced activity in similar or different areas simultaneously, just like if you wanted to study a conversation, and you were scanning two people talking to each other. You'd expect cmmoon activity in language regions when they're listening and communicating. So the arrows connect regions that are active at the same time. The direction of the awrros flows from the region that's active first in time, and the arrowhead goes to the region that's atvcie later. So in this case, if you look carefully, most of the arrows flow from right to left. That is, it looks as if the uninformed brain activity is happening first, and then it's followed by activity in the informed brain. And by the way, these are trials where their dales were made. This is from the first two seconds. We haven't finished alanyizng this data, so we're still pekineg in, but the hope is that we can say something in the first couple of seconds about whether they'll make a deal or not, which could be very useful in thinking about aiodvnig litigation and ugly divorces and things like that. Those are all cases in which a lot of value is lost by delay and strikes.

Open Cloze

Now I'm going to show you the results from the EEG recording. Very complicated. The right _____ schematic is the uninformed ______, and the left is the ________. ________ that we scanned both ______ at the same time, so we can ask about time-synced activity in similar or different areas simultaneously, just like if you wanted to study a conversation, and you were scanning two people talking to each other. You'd expect ______ activity in language regions when they're listening and communicating. So the arrows connect regions that are active at the same time. The direction of the ______ flows from the region that's active first in time, and the arrowhead goes to the region that's ______ later. So in this case, if you look carefully, most of the arrows flow from right to left. That is, it looks as if the uninformed brain activity is happening first, and then it's followed by activity in the informed brain. And by the way, these are trials where their _____ were made. This is from the first two seconds. We haven't finished _________ this data, so we're still _______ in, but the hope is that we can say something in the first couple of seconds about whether they'll make a deal or not, which could be very useful in thinking about ________ litigation and ugly divorces and things like that. Those are all cases in which a lot of value is lost by delay and strikes.

Solution

  1. brain
  2. active
  3. brains
  4. avoiding
  5. remember
  6. informed
  7. common
  8. analyzing
  9. person
  10. arrows
  11. deals
  12. peeking

Original Text

Now I'm going to show you the results from the EEG recording. Very complicated. The right brain schematic is the uninformed person, and the left is the informed. Remember that we scanned both brains at the same time, so we can ask about time-synced activity in similar or different areas simultaneously, just like if you wanted to study a conversation, and you were scanning two people talking to each other. You'd expect common activity in language regions when they're listening and communicating. So the arrows connect regions that are active at the same time. The direction of the arrows flows from the region that's active first in time, and the arrowhead goes to the region that's active later. So in this case, if you look carefully, most of the arrows flow from right to left. That is, it looks as if the uninformed brain activity is happening first, and then it's followed by activity in the informed brain. And by the way, these are trials where their deals were made. This is from the first two seconds. We haven't finished analyzing this data, so we're still peeking in, but the hope is that we can say something in the first couple of seconds about whether they'll make a deal or not, which could be very useful in thinking about avoiding litigation and ugly divorces and things like that. Those are all cases in which a lot of value is lost by delay and strikes.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
game theory 7
brain activity 3
nash equilibrium 3
average number 2
uninformed player 2
informed player 2
disagreements occur 2
arrows flow 2
uninformed brain 2
informed brain 2
strategic thinking 2

Important Words

  1. active
  2. activity
  3. analyzing
  4. areas
  5. arrowhead
  6. arrows
  7. avoiding
  8. brain
  9. brains
  10. carefully
  11. case
  12. cases
  13. common
  14. communicating
  15. complicated
  16. connect
  17. conversation
  18. couple
  19. data
  20. deal
  21. deals
  22. delay
  23. direction
  24. divorces
  25. eeg
  26. expect
  27. finished
  28. flow
  29. flows
  30. happening
  31. hope
  32. informed
  33. language
  34. left
  35. listening
  36. litigation
  37. lost
  38. lot
  39. peeking
  40. people
  41. person
  42. recording
  43. region
  44. regions
  45. remember
  46. results
  47. scanned
  48. scanning
  49. schematic
  50. seconds
  51. show
  52. similar
  53. simultaneously
  54. strikes
  55. study
  56. talking
  57. thinking
  58. time
  59. trials
  60. ugly
  61. uninformed
  62. wanted