UCLA Anderson’s 2012 TED Inspired Talks
It’s easy to imagine saving money next week, but how about right now? Generally, we want to spend it. Economist Shlomo Benartzi says this is one of the biggest obstacles to saving enough for retirement, and asks: How do we turn this behavioral challenge into a behavioral solution?
Shlomo Benartzi uses behavioral economics to study how and why we plan well for the future (or fail to), and uses that to develop new programs to encourage saving for retirement.
2.7 billion people have no access to basic financial services says Professor Bhagwan Chowdhry. Chowdhry proposes a program called Financial Access at Birth (FAB) that uses new communication and identification technologies to include these people in the global financial system.
By depositing $100 into a savings account for every child born in the world, parents in emerging nations would have an incentive to register their children, and developed nations would have a far more efficient way to provide healthcare and other essential services. Chowdhry says FAB is economically feasible and the technologies are already being used successfully.
Former corporate tax attorney Guy Holzman (’13) says that, although the U.S. corporate tax rate is thirty-five percent, firms pay an average of twelve percent. According to Holzman, this shifts the burden to individuals and deprives the government of essential revenues. “Individuals pay five times more taxes than corporations,” he says.
Holzman describes some of the ways in which corporations avoid taxes and says it’s imperative to close these loopholes so firms pay their fair share.
Stephen Lehtonen (’12) says the current U.S. education system is primarily designed to prepare students for standardized tests. These tests, he says, are not fair to a diverse student population and do not help schools meet wide ranging developmental needs. Lehtonen draws on his teaching experience to say that education should be built around subjects that excite kids’ passions.
Through his new organization, Breakaway Education, Lehtonen and colleagues help high school students channel their ideas and passions into projects that benefit their communities.
Why are bronze medalists happier than silver medalists? It’s because silver medalists regret missing the gold while bronze medalists are happy to win any medal at all, says Professor Rakesh Sarin. Happiness, he says, depends on how the reality of life compares with a person’s expectations.
Sarin says happiness can be quantified and measured. He presents the equation, “Happiness = Reality – Expectations,” and offers strategies for making choices that increase happiness.
TED AND UCLA ANDERSON: A PARTNERSHIP TO ADVANCE IDEAS
THE SMASH EVENT OF 2012 – IS EVEN BIGGER FOR 2013.
SAVE THE WEEK BECAUSE TED IS BACK.
• Exclusive live streaming of the TED Conference
• Panel discussions on TED Talks, featuring our star faculty, students and alumni
• A new design-focused workshop, building on the ideation at TED Active 2013
• Grand finale: The Campfire, where UCLA Anderson’s leaders demonstrate “think in the next” with unforgettable TED-inspired talks.