ted talks leadership tracee Ellis roses i need 2 pages summery single spaced ple
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ted talks leadership tracee Ellis roses
i need 2 pages summery single spaced
please please it available on you tube
Title Subtitle Subtle Em... Emphasis Intense E... S Subtitle Subtle Em... Emphasis Intense E.. S eading 2 Styles EXTRA CREDIT: TED TALKS ASSIGNMENT Instructions: Step 1: Go to https://www.ted.com/topics for a list of available topics. There are hundreds of videos to choose from depending on the topic you choose. I do not expect you to watch them all but research any particular topic you are interested or scroll the list of videos and see which one catches your eye. You can choose any video that you want as long as it is from the following topics: Business Capitalism . Communication . Consumerism . Decision-making . Democracy . Economics Entrepreneur . Global Development Global Issues Leadership Manufacturing . Marketing . Technology . Women in business You cannot choose any Ted Talks videos that I have listed under "External Links" on our Blackboard page. Step 2: Summarize the video and make sure to include the following . Name of speaker and Ted Talk .Why did you choose this video? What was your overall impression of the speaker and the topic? . What main points the speaker make in the video? . Did you agree or disagree with the speaker? Explain. Minimum Pages: 2 Size 12 Font Single Spaced Due Date: June 8h 11:59pm (Upload document on Blackboard)Explanation / Answer
Shlomo Benartzi : Saving for Tomorrow, Tomorrow
Shlomo Benartzi is a behavioral economist and a professor at the UCLA Anderson School of Management.
In this TED lecture, behavioral economist Shlomo Benartzi applies his expertise to explain barriers to saving and to craft a solution. His Save More Tomorrow program has proved so effective that about 60% of big companies have adopted similar savings plans, and it’s now part of the Pension Protection Act.
I choose this video because i'm very curious to know about these topics :
Summary of video:
People don’t always manage their finances logically. Many Americans buy larger homes than they can afford but blame the banks when they can’t make the payments. Investors love taking risks in the stock market when it’s climbing but aren’t emotionally prepared for losses. Adults tend to buy extended warranties for their iPhones but lack adequate life insurance. The average American household spends $1,000 annually on lottery tickets. Behavioral finance combines psychology and economics to explain why people make financial mistakes and to offer solutions. For example, patterns emerge in how Americans save money. Half do not have the option of saving through a 401(k) plan. Of those who do, many choose not to invest, or they postpone investing because they find the process daunting. Only 10% of Americans are saving enough money.
Why don’t Americans save more? A study asked people which food they would choose for a snack break one week in the future – a banana or chocolate. Almost three-fourths of respondents chose the banana. However, on the date of the snack break most people went for the chocolates. “Self-control is not a problem in the future”; it’s a challenge only in the present. Some economists call this “present bias.”
Another behavioral study analyzed the number of organ donors in Austria and Germany. Almost 99% of Austrians are organ donors compared with only 12% of Germans. Austrians must opt out of donating organs by ticking a box when they apply for their driving license. Germans have to opt in. Requiring people to check a box allows “inertia” to take effect: “Not many people check boxes.” “Loss aversion” also inhibits saving. In a study of monkeys, the primates were very happy when researchers gave them an apple. However, if they received two apples but lost one, they became quite agitated. Similarly, some people view saving for retirement as a loss of spending power in the present.
Save More Tomorrow is a simple program that overcomes present bias, inertia and loss aversion. Participants agree to a savings increase that occurs automatically at some future point – for example, when they receive a wage raise. They never have to tighten spending because the program activates when their income starts growing. Save More Tomorrow has been so effective that it is now part of the Pension Protection Act, and about 60% of large corporations have implemented similar savings plans.
Key Points:
I agree with wording “Self-control is not a problem in the future” but happen in present with bias. Some people view saving for retirement as a loss of spending power in the present. Save More Tomorrow program is for everyone in the world who would like to make life better in present and future.
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