a latticework on which to hang your ideas.

The bottom of the pyramid is benefiting hugely from technology.

Westerners own two thirds of its wealth.

Here's another one.

My employer an economist.

Here's a guy you all need to study.

Regardless of the outcome, the pure act of anticipation makes us happy.

And they see a 20 bill.

And we call that M1.

Microeconomics .. and those actors could be firms, could be people, it could be households.

Here's the kind of questions that are becoming interesting questions for philosophers, for governing people, for economists, for scientists.

And macro economics is probably more guilty of it.

They really cared about their monkey token dollar.

Make a decision and give me some blood.

Economic games. So what we do is we go into two areas.

Econometrics package

Von Mises, interestingly, believes economics is just a subset of psychology.

The topics range from math

We all know little bits, but none of us knows the whole.

That's the problem that I'm trying to solve.

That's a strange economic behavior.

Chris Anderson While they're taking the podium away, just a quick question.

It also means that he will be able to generate wealth.

And so we can look at a bunch of different variables.

Economics is the study of economic mechanisms.

It's time to get ready for it, and help contribute to it, and make it happen.

But we'll talk about that in future videos when we talk about hyperinflation.

So, this whole area is so fascinating.

That's not the important point.

Now, economists tend to (Applause)

(Laughter)

Is this really how people are?

And one of the things we wondered

What about religion, poverty, economics...?

Higher incentives led to worst performance. What's interesting about this is that it actually isn't that anomalous, this has been replicated over and over and over again by psychologist, by sociologist, and by economists, over and over and over again.

This has been replicated over and over and over again by psychologists, by sociologists, and by economists.

He studied economics at college.

We can see that we can take this equation and it can apply to things in economics, or it can apply to things in finance or it can apply to things in computer science or logic or electrical engineering or anything accounting

So, how much would this cost?

We would lose all of our market.

Well, the financial crisis and all the trouble since then is a bit like that.

So is this fair now to measure this over 19 years?

COuld lead to more wealth, more, a larger pie for everyone.

We have this view of ourselves, of others.

But this does not apply the other way around.