We have this view of ourselves, of others.

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

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

So, this whole area is so fascinating.

Is this really how people are?

And it's not based on theology or philosophy, it's in the study of the mind, across all these spheres of research, from neuroscience to the cognitive scientists, behavioral economists, psychologists, sociology, we're developing a revolution in consciousness.

(Laughter)

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

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

And macro economics is probably more guilty of it.

Econometrics package

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

The topics range from math

a latticework on which to hang your ideas.

And now Economics is frequently .. and when he makes a statement, he is actually making a mix of micro economic and macro economic statements.

Economics is the study of economic mechanisms.

The lowest percentage of entrepreneurs starting businesses.

They believed that there was a discipline called praxeology, which is a prior discipline to the study of economics.

I think all of those forces worked in a very bad way in the stock market.

Twice the number of cash transfer households started new economic activity compared to not cash households.

The bottom of the pyramid is benefiting hugely from technology.

What about religion, poverty, economics...?

The Economy of Fear

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

And most of what we know about regret comes to us out of that domain.

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

But this does not apply the other way around.

Westerners own two thirds of its wealth.

Here's another one.

My employer an economist.

So I am going to talk about exports and prices.

Here's a guy you all need to study.

Well, it seems to me that this issue will or at least should be the most interesting policy discussion to track over the next few years.

So this is exactly what I did.

He is a great authority on economics.

He is a great authority on economics.

Instead, what we saw is a lot of people who cheat a little bit.

And they see a 20 bill.

And we call that M1.

Great.

While employed at the bank, he taught economics at college.

People have a lot of trouble making decisions about things that will happen at different points in time.

The laws of nature are written in the language of calculus.

What I would like to see is idealism decoupled from all constraints.