Habe ich ihn jetzt geblieben? Ist es kein Trophraum wert?
One minute to wait, I think. All well,
well will wending our try to all that that tain you.
In fact a latsch, it's not questions. So,
most people here its to then,
but there's still to what economic,
bestaltig economics
Okay. Ähm, Sakaology. Wow. Social Europe.
Danke. And the others, who don't fun
in this call girls, what do they've been starting?
Okay. Volligerseits. Unfrontability. Chaosgirl composite. Okay.
Gut. So, it's hope. Song very glown accredit.
Bis hier, aber so, I have when I reship,
they immer from Olive Brandt.
I don't know that's it. Existed. I didn't know
but this reed for letter
And that's the linie explainer, bet to me how it
works. I think it's a very way nice that deeper
norial initiative to to doctly get different disciplines to talk to that.
And this is a crackly in a kind of resurts that
I do and most of us in arrias to to to
to to to just to try to attack this problems.
So that the can only be a takt and it going to make progress, if
you bring in idea it from different disclines. So,
this this laxing be exactly metrocise on this kind of thing,
this pecifically a blight to bunner rationality. So,
who here it has heard to to temporaric in all to
not it belief or before the election
Ja. Ich trainiere immer mit more people. So. So,
more, to exactly the point of the lecture is that
eventual exact that this gast that lot in the social science,
like the ones, that you are styling by other,
in engineering, in management science, operations, researchs.
Even go, it's really a point of bass word for many,
academics and many practitioners, in fact,
that they're very little aggreement on what it this.
And I think what's words,
is that there's not even to a cnowledgement that there
is this aggreement
Bad Santas, die Menschen, die die Follower haben.
Sie sind implementiert, die Study in der Long-Version von mundrationalen Dingen.
Und die Knorren everybody else for to doing it in another with.
Or. And then don't even know,
that's not a people to we get to not the way
. I think all for this things about.
Let me started, by tell you, but I want
to men who in fact is credited. I've been the father office proncepts.
So he's name this hurbord time it.
You were really one of this 20th secretary polny much,
he's that nashing
that that
You've reaktive, achtet der Schreck und Orb und Till Land und
der Preview-Entry. Extremliche Aktive, sehr prolifitive. Also,
er meldet sich in den Nobel-Preisen in die Ineconomics.
Aber er ist im Self-Self-Moral eines high-colleges.
Er war more into thing on the standing.
How people and make decisions, resion thank and so how.
Nehmen wir den Less. After he did, his long
time to like jenk march. Cool, shame of you,
that but this make up hurt of his are very march, he
was marted men in business, color for
still around
Something in this that in this hundry, is memory.
And the basically call them curporate time on beharrely founder best.
So there's a setting with beharrely economics,
girl back to realize extent to the work of horror time.
She once of hounded, feel to cartificial intelligence,
more or less. And you also also active in many,
it's packground, was in fucking political size.
So she was wanted to people that was being everywhere.
But it wasn't that that you had a hobby to do
as many to different papers,
not may different books and to being what is had many to different dissibles as possible.
App thing is really coming back to get that to very
lative step to what means to be ruptional.
The different waits, humans, computers and other organizens, our rushinal.
And to tite to 2010 make a theoretical, progressional interestings.
And eventuell, you because to do it like to progress.
So I said, you chill you wine we credited
with creating the first toctive fisher to devidence that.
So for out purpose is
the day
I would like to focus on Banner rationality. Show,
I'm not, exactly, going to attent to give
a definition of what you said, because you said,
many different things about, about mannerationality manity from weight.
The thing that he's mostly known of is to talking about
out of russionality in contrast to new classical, russionality.
So your classical, your economic,
minds that some power to be russional, minds to know everything,
and to act in the best possible weight.
So let's say, for a global,
you need to make it decision,
for a temple, in whith apartment,
with a partment to red,
there's a future chases
To how no all the bassible choicers. You're not everything,
that there is to know about with hopepartments.
So for a job, you wouldn't know in other rand.
But you were also on now, who had leader before,
in what's date, they he dravely is.
In what's date the florious? You would really have to not everything,
ups a lot of everything. That's the very dia often your classical nomic crossionality.
And if you did not ever think that you will telve
top in optimation immodel, which you were did optimize.
So then in the end you pick the choice that much
in matter, you dility. It's a very crazy,
idea. But that was really und die Alatics denken,
dass sie ihre Glatsche verletzt haben. Of course now,
you know, creating a character to robuit. But in the end,
that's what it worked, came back in the way,
some people, so it coming back to Adams,
me 300 national things fishing book happen.
Schaltungsmissat, can to bilde the market workshow. It doesn't workshow well,
because every party in the butcher, everybody could selling your something,
that people go that Butcher to Biden meet.
And so, no, I were think,
but some power in the market works, as seef,
we all to everything,
the market works
is perfectly
Und das ist halt der auf der Klatsche der Regionalität,
die in der Expression auf der Fakt ist, dass Markets arbeiten werden.
Supress und die Ökonomie, die die Pressionen,
die sie auf der Forschung nicht trug, die wir nicht everything können.
Wir können nicht everything, aber wir sind nicht aggressiv.
Und auf Pression time, ist es für Gotham,
dass Assiv Park und what's left it dishine the orrussionality,
which mean, you know, everything,
you don't want to creditions perfectly,
and then in the any pick that this choice of you,
choice the best meaning, the one that making majority to do it.
And if it now, right now you may think,
you would be rediculish what this high in the end
to be taken literally
In der Fortsetzung der 50. und der 60., der wild war.
Und die Hybrid-Time war simply, dass es nicht passably betroffen ist.
Es kann nicht passably sein, dass die Menschen, die humanitären Limitationen,
R-Able, die nur everything at the Computer, everything popt only.
And this is the interpretation of bounded, russionality,
as a porsh to an bounded, russionality,
that's mostly for with Simon, is smartly well now.
But you said, many many other things. So for
a jumple at the first time you here about it.
The first time, you here bounder russionality,
you may think, but it's a
negative name
Dass der First-Partner, der Termbounde, die Sounds übrig bleibt.
Ich glaube, es ist nicht ein Good Thing,
was about You know, we not would not existent infinitely.
Aber es ist minitatuell, in fact many times you said that you
van that people's bound that you're noticing, is shamperio,
to the optimization models that the theoretisch to an academic could right now.
But this partner forgotten. Princentically, you could not so expect,
if you need better parties work my you say,
but bounders and that you sometimes you say would thing.
It's exactly, because we do to
wilde computer
That behave as a person. Than you real life that
there's still that that's your holds to that there man things that people
can do we to computers cannot to one famous and club product this is put
tom recognition. If you still to too to have a fewer side,
where the 20-figure outly fear a real person or a not to made it algorithm,
there's simply trying to find out current time information of people missions more,
scrimble.
It's a patterm, strange butterright, two, dig-f action
, there's simples. And this are reited,
the counterstall be to Europe,
show that only person
In there in the replicate and say that this is this is two that so.
A computer can on three library too. For this is
one, that can see that parapowers and our biases.
In fact make that some period to computers.
And that was central to time on the interpretation,
about what it means to be rush alone.
So bound a drudge, you know,
and not a kind of rationality, that's not the channely
waste that the rationality would get from them what from the optimization model.
But this was cannot voll gotto. This was
cannot for gotto. And the long of other things he
said about management that the watch for gottom
And I'm contolaric with that the situation has come to
resemble something, like what this men said.
So this is another magic from England,
you have sehr very famourth in the I would take in
the first half of the 20 searcher.
Shad you would first, there erscheint it. I think
other can me story philosoph. Thank you very came,
how level sittle sardamt in the uK. And then eventual
he became a right term, a very a right
term of fiction, but also of other assets.
And they he became quite famous, when in 159,
he delivered this lecture in cambridge,
that was called the two culture,
I think
That the hole. Tschüss. That's the hole, name of election.
From with hype borroad. And the point watch,
I corrent to shoep is now at that time,
the work to cultural show thinking in the world.
And the one with that culture of scientists,
the that was the culture of humanities people.
And he that was basically that this hard to very different
way to looking at the world.
And there to culture tony to talk to that and that basically very bad,
it's a major, barrier,
for a building a better for scienty and building and to standing and getting,
there's market people that could be work working insight and humanitists to work together.
Those including society
And other said, I started noticing,
it's some point, that the situation, band rationality,
resampled this, it's interesting, that's no discribed.
Of course, to a much smallers came, because pandacinality,
is very much smaller and attracting, proof a shit,
but think, I started it developing is an idea,
that there were two to cards or in Richards on Batter rushing actually.
And this is exactly, what I will tried to talk
to your market in the next 40 familiars when how.
So I couldn't culture and I'm not touch of his
to cate it, in what that good mean,
also touch of you cheer,
to started,
to chossiality
Or sharing like fits. But at least, I would
try to big learn about it. So here is a
definition of what we mean by cature from the next our.
So, it has to with my much memility, and research on both mationality.
And it has to kinds of things, takly of things,
and storytelling, things show. Because, by not connotice,
easy that if it topic, our adlist,
that's the part of by mationality, I would talk about.
And there's models that someone, someone is the state
and I lowers the goal beyond this data,
looking for new data
Ähm. Hast du das one ashing back or a culture?
And that the aspect is a story. So,
they that and what does hard technical things. So,
that everybody can follow the more not everybody's interested in follow that.
It's mostly for shine that. But eventually, especially in
the energy that has economic through our science is your starting eventually.
There's going to be a platform when we all talk to that.
Scientist, Akademics, Practitioners. Politicians, politicy matters.
All this people can talk to that in the only in
curbs over story. Of course, I'm politicians our economies.
They have a scientific parcadia that would also be have
follow that data and the models. But byo large,
that place when we all midd and do policy, is a story?
So, the cuture is, the cuture capact,
place, the story. And economic of personal very being
field the various, loveing ideas and and parture it.
But most of it to care of our story.
They is large a parlament that that that that is our cuple,
data and maclash, they can't one of the products come,
there retaric coffee dynamics.
Mist mal schon wieder, little in the 80s.
And there's more or work like least that deutsche about storys
in economic, not so much about the carg facts.
Und dann hat dann der Molshop einen heutigen Tag.
But nevertheless, usually, it's a good art.
So the first point of one I'm think to build up in dislecture
is that the couch is not over taking to part.
But also is a style telling part. And what I'm
going to say is a goodly, what they,
you going to see it three than to say it parties to it and all more precisely.
So and going to say, there's too touch of results in Bayern rationality.
And that, in the end is important,
because of the little took videos to theory practice and partys.
Of course, now, before we get into it.
You maybe one thing, okay, while very dog to lieb to.
And in fact, when I wasn't this cotting with other conducts,
the people have a road of cosman.
It people, that's a you know there's three or.
So they're more on that. And a certainly,
that there's a point, up to week,
you can see this clear that it's a juckly too.
But that's no really, my point,
my point is to made it to clear that,
it's not the union from film
That's not speak with one voice. And there's not the sent.
And to you are that this to be very important practical.
And in the end, it's a way for starting the proversation. So the two is not,
it's not that in porter, in the other is,
you see, with two and being, but on,
someone information, you may have to your classic, that's papers you,
it we get for also discuss. It's a should be something out.
They important thing is that there different ways of your inpaner
organality and this is exportant. That's what I'm going to
argue. And in the process of arguing that actually,
I'm going to take you through at lot of important developments,
in what's going be
here elecconom
So, The first talk to is one that would tall idealistic.
So it's one that this in fact, not ways different
from unbound the prosionality. The rabble before that it to
explend on be call on bounders and analytic looks.
So it's basically, there are idea of an omnificent person.
That talk the miners, the you dility function, not everything and optimizers.
As you will thing in their right next like, if
you don't roll that you know, the typical gender that,
partner of finality, in Plays, in Beherror licanologist,
maintraining with must massinary or regulatory function,
but I think other facts to it.
This thing for a jumple, tanja call social preferences,
social norms and sound, you also very sound, if
you don't know really. But the point is, I called this,
I dealistic, because it's very love to vaid deal,
the interspiration is at there is this, I deal person.
And I don't mean, I deal,
you almost in the sense that this partners,
more all the good, or there's no in the other political connotation.
It's side there long in the sense that it's,
it can not be a human,
it cannot be a more talk,
it's not that it
And the opposite of idea, it's happening that's quote pragmatic
in the english digital. And it's complitive, installe,
installed, of startic from something that good and be,
a personal couldn't be listing, you start a charactering by how the personal match.
So you look at how people, sometimes make that decisions.
And then you find out, then of personally are no
information. And of course, it do not optimize.
And we just use, some simple rose of farmers.
If you get back to that example about there,
about there are partment.
Of course, you don't like to that partment.
And you don't care.
And fuck you time
To learn ups a little that now to make a position.
If you're ready found to good apartment. Of course,
you realize that could be 10 or 20 more apparents in
the Campbell that would be better for you.
But it don't care. If this apartment is already,
you can't go for it. That's how it works.
You don't, you try to go no information,
go for you had the factor in outcome.
So in the evangely tradition, this is often call,
that you pink programmatic.
So it's the opportunity in the way from feeling,
I dealistic. And in the end the points,
that care to this hard, to course,
in the moral rationality.
And that me tight
to explain it with examples
First Book Carry Goal to the Technik aller Aspekte.
Und hier haben wir die aggression to wins to sound people
to build be over surprised. If you don't know,
the kind of air, winnings that be heavy connomics,
is bester. Shame of it is very real.
Shame of it is very practical. But most of it,
and in fact, to a large existent,
the beginning sharvey, the beginning of air detail.
Song waits be heavy, the connomics was probably.
From think like this. So what is that? It's a chomics,
I'm there is, that you have to make.
If you a participan, und wir haben eine economische Champions-Bürgerschaft.
Es ist eine economische Champions-Bürgerschaft, aber es ist eine economische Economie.
Also, was ist es für mich?
Es ist eine der Dinge, es ist eine Gumbaln.
Also, die economische Economie ist ein Prospekt.
Es ist eine Gumbaln. Ich habe gesagt,
es ist eine gute Tipps. Wenn wir first thing,
thing that 10,0,11 columns year go more one of half,
means, out that lovely you tear,
I will said, okay, I have a kind.
I'm got a flip it color. And if it
coin land heads, I'm going to be tan yeard,
but if it lands on the other shit tells.
I'm going to gewöhne
So that's it government. There's an element of probablity of
freesty tear. You know, that's going to happen.
It's not different to have a coin labs.
There probablity and their outcompts. The cycling these especial
tation that, where you don't have an your probablity.
You know, for sure, sure we probility one.
But you going to get 40 Euro. So,
the seasons that qualitatives and economists,
there very interested in this points of charges,
because this chaoses
Aber die Domain, die expected identifiziert ist, ist,
dass die modellierten, und es ist,
wie von Neumann Morganstein, in Manyways favorite important for economics.
Only markers that was an economism. Für meinen Mann,
was ich gerne höre, die Charaktere, die timen,
aber more tolds in mythen matics nationals nines,
kind of area, not social science like time.
For now men bedevis it. Anyway, in 44,
9, 10, 4, 4,
they presented, emmathematic of surit,
that telse sure exactly
To make wildcards of choice mess. As firming, that you believe some simple access. So actions for a cloud, that be transitivity. If you like,
Gumbal A, more tom Gumbal B, and Gumbal B,
more than Gumbal B, that you should like,
Gumbal A, more than Gumbal B,
that you like, that you like, Gumbal A,
more than Gumbal B, that, you like,
Gumbal A, more than Gumbal B, that,
you like, that, you like, that,
you like, thank you, that, you like,
that, you like,
that,
you like,
Anyway, because this was basically for the content,
mit was an explication, of what the minster beer rushing erfolg
is cans of choicers in the new eductive the theory.
And that's we can see, it not sure difficult down this experiments.
You can breath enactually hundreds of beball in the lab,
yever vistanzics, and then see,
if there really acting according to respective editivity serious,
and this is a juggling what people deal.
What is on the problematic, is that? If it was that's
a good more than about maddie choices in the world.
It's of course, that every limited more than.
If you think about it,
your short
To make choice it and in the choice of their outcomes on the popuopilities.
But when you're like did it choice present, it'self to you like this.
When did everyone apartment appear to use what you could really say,
yes, with probablited, it's like 20% on the get,
this reward probilities, say, personal organtists and so.
Often, we not that different outcomes. Yvonne,
that's how the difficult story, how to quantify.
But if we did it to to not probablite it,
to to not, that's not that we looks like that.
That is took abstruction
So that's a way to this is a way this pointing,
when you are like,
that the lot of about what we're supporting drittle,
but post this is your making, come to from how that do this.
And in the way would even wash, because it mostly
happened in the large, what anderen graduates to do it.
So many of their eye recherches, which have think you.
And in you really the club that would that Minister,
this counts of questions, and there would get parking up or that that that.
But you don't know, that you don't go to University.
There show many people that are a mats
hotel doing you. Or you engine. And one of
those that were not in literate. Of course,
eventually,
they were
Normalerweise, Nordin, der Beginn. Ein anderer Paplament,
der initiiert ist, ist, dass wir nicht so viel mögliche Funding recherchieren.
Das ist nicht hypothetisch. Ich habe es nicht gemerkt,
aber ich habe es nicht gemerkt.
Ich habe es nicht gemerkt. Ich bin Martin,
der 50 Prozent Charge, du gehst in Europa,
50 Prozent Charge, du gehst in Europa, du wirst hypothetischer.
In der Welt, wo du es schaffst.
Ich meine, du wirst make any money and new way.
Where would you really really our pretty through perfects?
From this problems, detective. Ich habe das eliviated,
das home extent. Inlate erision. Aber in deren Platz-Counts-Tage
. Anyway, gib ihm den Spann
Okay, by the way, this is now bound and
rushing that is for listen ultis that expected to delicial lution.
Also wir machen mal, ich verkaufe den Ball mit dem Buttergraphie things before,
where there is that röstliche intuitive function, this you.
So if you have tend with me, thank you,
though much, is it was forgue,
it's kind of normal life rights between Zero in the one.
So I good be Zero point, 20,5,
or Zero point, so that you five.
Depends colorate or hope pool you. There is the promobilities
and in Vienne, you see can buy,
that will hope good you ein paar Bildungsstatistiken.
But what it says, on the last on side,
is is a expected
You timity of choosing this risky thing and which
is they you tell it of choosing that.
Thank you get see, you just one that market matcher of itility.
They can see, we live not, it's not thank partner.
Well, when I wanted to see it,
how they're abounded, you rush your name this condition look like.
They probibilities, they're education on how you put tom together
and you market miles that exampaktation.
And this is in soundsets. They beginning of a lot
of michair elepanomic. So you may have hard out,
Daniel Kannemann. Richard, more thing, you want,
because you publish this book ats goals thing thing, fast and slow.
Now was every major airport, you can find it.
It can say to be find it in the Berlin that.
It's lying to popcorn are exiplication,
of this is cannot way to even dear that,
why tong to lead to be hear eleconomics.
It was published in the general eleconomics that part, we connometics,
over this really steeped in prestige and reduction was a fertig,
because that are you not a most fertig, you cannot, you cannot.
But the manage the breakfriend to edition that's very,
Politikmatiken, nicht nur die fortschrittlichen, die Breaks haben.
So what it is saying. Die Created, die modellos modellos modellos matically.
So my point, now to that, this modell is idealistic.
And very looks a lot like and unbound that rescionality motor.
So, we have to function. The one of top
is the dility function. So petically,
when you would say, when it's a post to say,
you said, let's say, that 10 years is here.
And it's what's something be you
If you are, you are loose mind of mind of
stand Europe, but it would be work something out.
So they specilitened with problems, the specific folk or legitime,
the Franklin best and empiric over evidence of course.
And then is another functional, which you
didn't see before we to go the probibility waiting functions.
So here on that exactly, you shield up our beliefits.
And you see, somehow want to means to you.
So what's they dear here? Then there is that if you play the lottery,
what's it toes that you win a lotter,
that you win a bigger month.
It's really astronomicalist more. It's month in a billion,
or something let is
I'm a little. So this is there real other on the
problem building. And every the little deep on play.
And if companies, you know, what's that sounds you way?
Of course you know, that it's small. But it
don't think it's really ask my little really hears. So,
if you look at this function, you know,
yeah, and you think it's a longer that it really,
shaker up over that, yeah.
So, they in postel late at this things,
that putting of together, and then you been,
they have a model that looks, very much,
like there to know model.
But you can't let say, psychologically in form mudility,
and propability way to factions.
That's the game that plate
Oh Gott. Angelage in Athesis in der Lichtikmorde. Because it's
dill lives in the shutdown of the expected metality more that.
In we says, in the sense other doesn't,
for a way, the basic concerts. There are notility,
there are probablity, you put together this dill maximals.
It to putting a different way, there's dill retained the model,
partied created, a more down version with,
a dumber version that we.
So, Normal League in our you shouldn't be overwarnting,
where doesn't come from it to buy out.
So you should be on that the year, And you do.
So, it's also been that if there was say,
people, tried to be that ideal, but the simply can.
There are a wars version of ideal. That's one way
of reading this kind of world often. So, once again,
it's a being it's piped by idea that wife quality tantialistic.
There's still the nation of optimizing. You put that together
and you pick the one that optimize your hüttilities,
that's individual between is not time should being.
And finally, getting back to this point about that
is interpretations,
that I
said before
If you is your confronted, somebody do you think it's
hope people to it. So they think about how there,
you dility functioniers and they came up provisate, betting about the proability,
waiting functional, they came up with you say.
And they compliant the putting together and they peak,
they one that market majors, they expected, you did it.
No, of course, not, this is just,
people, be hey, that's if the world doing that.
Schönst du natürlich meint bei Area model or the psychological projects
is, that lied to the choice of its.
It's an assiv interpretation. That's a standard way
of calling it
Mirton Friedmans seins, mit Don Friedman was,
ein Very partner economies from the 50s,
war eine sehr glückliche, deutsche, deutsche Economie,
die nicht deprimiert und die Lines und die Comedy,
aber die Prädikte der Autotausenden,
die final outcome to based on the cycloty,
but not cycloty percent.
So it's time time time to show you that this
is how in a deal alistic model look like,
and I give you change me and there's about it's features.
And that's going to contract to goes help thing.
And it's for the shine touch, it's again,
for this is in the betriebs to carboth.
But it looks different. And it different
So what's the difference? Mebischer Deck in eurem Kapital,
minus to read what's in the box it,
but I will also review to.
You ask yourself, some questions are battheater, to problem.
About the outcomes in a butter, probabilities.
But we don't together in one to hormula.
You don't think together in try to optimize. Rabber.
At I was that say, before it's a pragmatic modern.
When you piet to say this fips,
show hear in the first that,
in the first to piece in the outcomes self,
we try to make sure,
that you don't get a get a gamble
That cars where the worst case and narial is very bud.
So it's possible that you just one of the gumbles,
but you will not true the one of class and matts moller,
minimum gay.
Thank you, this is important to go back.
So, this had to gambles. The minimum gay not
this gumbles far, this only one gay.
So this one gay is not minimum gay.
And it is far. Hier,
there two possible outcomes
Im Leben kamen wir. The pendence is Europe for the minimum issue.
Shark on to the first box that you show before,
what can not happen it that you just visual?
You know, got for the one ups has this Zero.
You make go, for the one ups has the fore.
The larger minimum game. But you know, got for
the thisman. So you making sure, you don't,
you don't gets how think, I'm sad this factory.
You make at choice, which you will recycelfactory,
may not be the best choice.
I would be sad if factor,
the sense that you just the foreign is
larger than this Zero
Let's go bikes. So this is what the first
question yards question of that. It's and I tempt to
connotio moment for management, if you did,
you made it this issue that in the first that.
You do it by cnorring all the probably its more in camper.
You only to it person of the minimum games.
Open you would get sounding that's in some way that this falsche.
It's not the death points on house at this file.
And it's exactly the same story,
if you go down to the other years of siper pecitial.
I don't want to tari you that.
But's not a doctor of the point to go to the
taking ex of
this month
The point teams, that this model, is a pragmatic monther,
because in the national information, those factory out of it.
And other things, in this model that make it in a way,
in the opposite, to lever monther, to the model to the last,
to get one and two things, prospect fewing.
It's a monther, that are tens, to so you what that proceive see. Process,
means, some we got on folds over time,
process, we when I've say, fast you do this,
then you're do live, when you also that, event,
you're make intercision, also auto, also fängt schon an,
the all these things that you didn't.
That's a glooking what this helf, is has fucking what
to it
Jetzt passt das, du merkst, dass du
ein Spotify hast, das questioniert, das zone ist.
Für die nächste Explication auf der Prozess, die Psychologie,
die developtiert ist, pro Woche, das exactly how to happened,
wird in den Angeboten der Art kommen.
Dann hat er gesagt, hey, weiss ich nicht.
Das hat People, hey, like that, das könnte ich können.
Sorry, different weight of thinking. About how to modern people,
behavior, that listed a way and a pragmatic way.
In cance you are wondering about the date on how well this model to do.
There is not that. But seeing, you know,
the rate, by with we going to and there,
there's talking want to cover. I think,
now want to get it too.
I you ask to suspekt. I mean, we between
detail for you, but if this interesting it dynamics me.
And I get talking heart works, this is,
this were matter be erepresentation of the data we hot from Labrator is party,
but that's so how well, it's want to this to model,
this cribbs,
people,
sucture behavior
Instead. I'm going to keep with a concept to our
thing. And throw to do you will be,
about what I ready told you, that's in this stable.
And then also about when I'm going to tell you,
in Ashmed Conflict. So,
what I digitally? I talk it the first three or
bronched or this stable. I contrasted that to models and example of and it,
there are little model to economble of a programmatic monda.
And I get you short, situation to but hardware
and different. For the little model of the functions
Is bashed start from this heid de of your mished,
and optimizing person, which is, that we will be to lotical actions.
For if you are to in this model, people to make traunity choices.
It seeps that there are other of the mindsation. And it doesn't exactly,
it's a post to be a model of the projects of personals will be to way,
it devents will you are time, but it's knows to a projects,
it something like a project now, exactly.
So, so thank their send confusion, but well,
it's a projects or agive model. But I think,
it's fair to say in the end is not ment to be
Ein literales Modell der Prossions. Maybe Giftshow inside to the
Browser spect more to long feed process. And on the other con,
the pragmatic column, you shopping to mats the opportunity.
So, the inspiration here, it's happening about huppy pool to it.
They are genauer formation. And this hump time, psychos,
only want, psychos information, to make that is factory choice.
And, also, it's made to be exactly a model of huppy pool to it.
It's little. Show. We saw in the next three
roads, it's what the haven't talk you yet.
And I'm going to do it now that in der Schweiz,
from the time, the reast,
to a different And different kind of task to different kind of evidence,
equality porter to we have a really conomicsely fact that,
more reset.
Put us that the firstly road have mostly do with optimizing or channes fishing.
And now we're not going to talking the models.
And here, active feature it this manage,
very just thing. You want to mattician, economics,
and then third in the kind of wark,
I will present to you, a kritik,
obviously connomics.
There is a very nice
Paypal at heroes for the Journal event economic behave on a
goanization where you pritics, some of the practice and beharrow are economics.
And there are shows very eplying to that pay per by
and sperring claush mit. Quirin, Germany on Street Till
. And there eplying wide event on the lives all.
So if you want to get a good Africa and Quink idea
of what time people think, is wrong to be have a economic.
And there is sponsor of this happening, but that they
think, there's not all matthrough.
I dacked tive that reflective to this pay person that.
They're very nationally, bit that's what that you know,
all at this humbing about the few thing
So. Das ist unser Körper, was wir nicht tun können,
um 400 Leute zu beeinflussen. Und es ist eine Amerikanerschaft,
die mit George Hunter-Red, aber es ist nicht problematisch.
Und es ist differenziert. Bevor wir noch einmal first sind
, haben wir geträumt, zu decident.
Und was du willst, this doubt oder this doubt,
was du willst, thank you, our loft.
She was in the way, a game,
against nature, this in the game,
where are one personal place against the not that person?
So this is
called them
Der Ultimatum geht. Ein Fakt, das ist,
was, ich weiß nicht, was das Glackling bedeutet,
bei Verner Good,
justice time from the max plank for economics in Yena,
oried was opularized my, he's consinterguiner of english yetwas of this results.
So it happens yet. The blood guy is the
proposal and the rand guy, the respondent.
So, there is shame a month of month,
that to magically at this labor talk.
It could be
100 Euro
The Probots are guy, the Black Guy goes first.
And he has to decide, how much to other,
to other guy, the red guy.
So in this case, he's your first ex.
This heaks is how to from Zero.
I think it see it is not, it's not partial.
You have a champing from one, two, 3,
4, all the way up to 100 pro.
So he can choose the give you,
you are the respondent, 5 Euro, 5 Euro,
50 Euro, 6, 5 Euro and so.
And he has been bis heute,
how much the give you, 9, Verosion of again.
And let's day interesting part. Retrosting parties, there are
lot of goes on the red to the Black Guy.
And it's says the vollen, this is bethout their roads.
You're the very sponter,
the red guy
Can accept the Offer. So if you know that the ismatically is
100 Euro. And I want to give you 40 Euro,
you get say, okay, folk is a thing.
And if you do that, what the proportion says,
moderialized, for you want to 60, you have 40.
But you know, so say, no,
can on one this matter. You should have given me 50.
It will mean more alright way, I don't like it.
So that you retect offer, any few tech.
Wars of you get nothing. I get nothing.
I mean, the Offer of 40. And you get nothing
, what you retected my Offer.
We both get nothing
Und das ist ja auch die Meinung jetzt. From Bossure
to use and not demand. And there is sponsor,
can be highly did that to opfer or not, if you that shit,
it works has a probonsor set, but if you doesn't
the Bosk in the Europe. So,
from your franchise can see yours thinking,
about what you will do it it since chefs thing.
In a when the proposal has has all the power,
in all it, because he gets to go first that
you self what come on happens.
And of course, he could be,
he good be very on fair, from using this work,
in it, some our
qualtune qualtune fair. But he can say you know,
what,
it's happened to me
If you are, if you are that's too pit,
to not take the fine, when you're a tech zero.
So I think it's a technic fight. And I've going
to give you refire. I'm going to keep 95 for
myself. Of course, it's a fair and subsets.
But I'm the power. I'm the proposal. And I
believe it you realize other how the power.
Show. I'm going to for you for it little.
And you have to take. And I think,
could emergy, based on Standard, game three to argument.
The clapsic, the myoclassic, but view rush and ective,
the juckly that, the proposal, to should offer,
they lives on moute to possible.
And there's a power
thank it
In welchen Bosnorden es ist. Schon das kann man jetzt gerne happen.
Schrift für Minimum ist One. One Give You One.
Keep 99 for me anyhope say yes. And then I
will live with 1999. And you will have one. Of course,
you can matter and that you probably let you have decided.
Very oft on this personal happen. What happened to that?
And that the proposal of of offers 50, you have or half.
And I sponsor that happened detection. This is a the
more human. And more is not a way of doing.
And sometimes very Das ist humply albit befremd,
was implicitely, proposers head, yeah,
maybe a should have giving you 50, but come on.
You know, I have over the power. And I still
one of benited, pressured make it on one and you.
So I will love you a juggly for thing, not
give 60 formations. So, this had to come on,
ob Jeff Behaviors, they equality,
or I have a more than you, from the proposal.
But of course, what also happens, is that some people,
do out to like economists. And the said,
I think, remote like it, take of the proposal,
and you will have to be hope,
you was just to have exampting,
because humphing you tell me
Anyway, this is a tempower. And exactly, because
it contrad text the Standard, the oclassical or financial listener
. Many clevere economists, started, working on it.
Standard, working on, more deling, how bipon tod.
And it was a came a catch,
where we can see, I dialistic, with pragmatic models.
So that said, Angst, Herr, and Claugement.
Dittis, at the temptime model.
Accle longing first,
wahrscheinlich gerade lang
And born, then this but somehow,
what friends might did be game one famous show to say?
But it's a say mind beer. And the idea,
yes, that between, you still have the you do it defunktion,
but you put some social preference as in that,
as that carbit.
Tony, call it the Nord. Sean. I gain,
we see submats. I don't know, how well,
you can you're interesting fall in right or.
You want to do this. But it's important some extent
to see to see had work.
So normally, in then they're flashing called Case.
You don't you have the ex
Member active that the proposal max but there respondent. So,
if you talking about the Utility, functional respondent normal,
we don't we have that ex,
if you did have in the social perfects.
But here, it's has not being out. It has very
spondation and we that's interpretation, you talk it's humping out.
But let's called engly, it's there is spondation engly for
the fact, that the proposal comment of more money engine.
So, hear it's has juked of the hope time,
as they comic is 100 years, telling it before.
The come money that you have to befied that too you.
It's propertant by 100% is this one
In der Dinosikomatik. Es ist ein Proposal, das wir
für die Sponsoren als Ecke proportionieren, um online zu sitzen.
Das ist differenziert, weil wir das Proposal in der Response haben.
Es ist eine große One-Minute-Take-to-Minute. Und hier ist die Wahrheit,
bei diesem Parameter zu arbeiten, dass die Majoren,
die ein Enviewer sind, die der Responsal mit dem Proposal haben.
Also, letztlich, ich finde,
wenn es eine Zero ist, die minder neue Enviewer sind.
Also, die Männer, die du mit online tust,
die alle für die Effekte von der Wasser tuen,
haben gesagt, ja.
Aber das ist, and larger than Zero, then you should product something.
Sure the acts is actually was the letzte. You because
you know, that doesn't guy good more than you,
you got more than, and the bigger their alphase,
the more and views you are.
So it's a parlament of for a putting there.
Some kind of closely our preferences and some kind of closely our market.
And let's play the same. Okay. The plate this
same game with a proposal. In this case,
but it's not declinely endfy,
because the proposal is going to make more money than their
emponder is discomfort
Genau, wenn Proposal to turbs with how much oder but guy,
you wants to be. Es ist nice, geil,
es ist eine juckly 50-50. Ach so,
also gibt es die letzten 50 Jahre,
die Charles Stunde, der Roan-Meinungs-Sex, ist Ladier 6.
Sie hat introduziert, something unfair. Und sie hat die Liebe getan,
so wie es ist, dass diese Konflikte,
die Aaroning more on the responsor, und sie hat die dritte Comfort.
Und das exactly solch you,
in corporate to this turnted in to different it delictive functional,
which social preferences are technical to out
Bester war das Set, bevor ich mehr oder weniger seid.
Das war eine neue Entscheidung. Es gab eine intelligente Funktion,
die in Gänsehaut gemeistert wurde. Das ist so.
Aber die Arme, die ich nicht tue. So,
was ich nicht tue, in der deutschen Kirche,
was ich tue, ist complaining up out in his article,
in der Webdirektor, die sie tue.
Es ist eine tierische Parameterin, die helfen kann.
Okay, fine of course. Ich kann nicht sagen,
dass es ein Parameter ist,
weil ich nichts anderes schaffe
You made be let used that me as one.
So wie ich dann laufe, hat man die erste Main for its personal differently.
Bin wurscht, complay, was that this is no relieve that.
It's said, I would be done that it's not.
So in VR, you don't go a measure my offi,
in one gelb. And then you take me to another gain,
using the same mouth, and to she how, I be have.
If you did that, you were be predicting, my behavior,
in the new gain. If you called brad it,
the model, in the nother data shot,
then the one in with, you valuate a model,
you a predicting.
But if you don't go that,
you're fitting with data
And in general excited, being more shash, actually everybody agreed,
she goal is to predict, not to fit.
Fitting is overbit like, make its that's on that tape,
not that happen in the past,
while predicting is shames how me, about the future.
So, you know, if,
effective you ask to be, can you prett,
can you present the model that predicts the wellers?
I should you are happening that. And then,
you give me data from one year,
and not that I didn't just a fitter poly nombia to the temperature,
in its they of this year, that is not look.
That's my theory of the weller.
It is this poly nombia, which you be happy
will not
Geschüttet. Begonnen haben wir dann im Endeffekt,
weil just made sense of the data,
you gain me for vision party here, well,
I should do, I should split for a jump of,
I should split the data, it do.
Yes, we can do breath my money, I should fit,
my parameters to in the first color the year.
And then use the same parameters, to tell you,
how the ruther is going to be in the second color for them year.
It see the defense, is a very big difference?
It's different that, rushing that likes,
it's an wanting drugging or life how ming after,
it has happening to say, yeah,
would have been quacked and did those happened because it feels
in this acgressure and salting us to say,
I fix the aggression today.
And tomorrow, that we are calling to visual creation.
So being most politics, I takely,
that they let the elfer in the betters.
So how be freak? And then they changed them in order to
discribe the hapers. Durch sich half, gute Titans.
In den Namen Carson, der Pragmatik, touching to counture that.
That's think about you till it is the notomation.
But just things, a batteries of not the simple mind
of things bepoked to
Er kann das talkischer machen. Ich denke,
ich fühle mich in Dresden back to out.
Ich fühle mich talk to out. Ich denke,
das positive Rose auf dem Proposal. Ich fühle mich auf
dem Proposal. Ich fühle mich talk to out.
Ich fühle mich talk to out. Ich fühle mich
talk to out. Ich fühle mich talk to out.
Ich fühle mich talk to out. Ich fühle mich
talk to out. Ich fühle mich talk to out.
Ich fühle mich talk to out. Ich fühle mich
talk to out. Ich fühle mich talk to out
Schau, wie ist es eine Alternative,
die von Grapolis pingt, die Fehler hat.
Right now the rips to develop this time of pragmatic and one.
But it's not the point. The point is and yeah,
this kind of model is different than missed model.
This model, this not half paramel this.
It's actually all fixed or adding. And to,
this is that you know, that to go that you do,
that you want to just talk you, that talk you,
but you think is a job with the ultimate tomgame.
And talk you about the different cultures and how the manifestmentshops here,
and most to cost to do with paramel than.
They there
listic models
Tempically, let the brown to five freely,
that means that that some hard sometimes that up fitting that
I next bearning now facts. And it's so huppens,
this not necelleriesion for it, but it's so huppened,
but they don't test models from them from anyone a culture,
only from their own culture.
And again, the other case, the pragmatic model,
is spirit max the opportunity. And there is not this
as huppy, a reason why vistory things, should go
together with vistory things, or live vistory things, should go
together with history things, but they took,
we have in the doctory figure that that's a taschen for
your starters
My claims here, he said, all the things to
have it together, which don't like you want.
That means spit to the told that in Aspekt, so we have,
oh, 115 minutes to say. That's nothing it's very inportant.
And it's something well. You find how me you have you,
you have charging a larging, when you's pake person,
my guess interest how.
Well, like, to country, this say,
like the allistic in Pragmatic. And they have different stories.
If you mean per 100% to you the prospect theory,
I said, that one of the connotations well as
People, try to do something like the expected bitually rushing now, thank you do.
I don't know that we right to do be draw.
Show. In general, erkläre ich mich da in Michael,
der in richtigen Models gestartet ist, um den Start von dem,
was du should tust, that cost people cannot a juggling too.
The story is that people are a rushing now,
but you know actually get a way from it.
But they should, they don't maximale that try to guitality, but discial.
So, to my mind, this is actually a very for straighting message. So,
if hundred, 17 of this message,
and I think it should, you think I would feel,
but I want to how be first straight, because I'm by said,
You should be up there and new are here,
but you should keep trying to be up there.
So it's have first studying message. Und
another hands hast du gemerkt gemerkt, in der Pragmatik-Story.
It's hard been different. Cause not inpresent you dimpreschent you.
It's kind of everythings to convention of this plank that if
see year, but we can discops it.
It's a juggling that, there is not to people
are rush to all or rush not.
It goes back to shype what to return to this not about thing.
What it says that we have to build bit clever.
And what which rule of farm to use well
Ciao. Danke. Jetzt bin ich aber ein Parkman-Trinker.
Aserseits, you know, you're going to Cartoonic Formation in
the programmatic approach. You got look, at some information
for being for this highning with with a partneric touren.
No. It's a different rule, that you can do that.
Something we're going to good. So for jump one the room,
one room, would be that, yeah,
if the partner, going to be house,
made to me, is blond.
Yes, I'm going to go. Good that's going to
be fun. That's not a great drug.
And better rule that be that you have one of
too friends
That now the people cargon of your housemates and you ask it to
lieb there, or how is into living that building,
how is it to living this namely?
And then because this friend, now you well,
and you know that that now your tapes, you can trusting,
and if you do like that gemein that, was it good up.
So, the message it's being that someoneals are good some times,
and other roles had good at other times.
The Ventinuous of that in this up project of using example roles of found,
is I like, that you need to be able to peak,
the light through for the right situation.
I mean, to putting now the way,
that say we got to
In der Tradition der Geralt, in der Kui und Gondor-Browser.
Jetzt habe ich hier noch mehr Menschen. Ich habe hier
zwei Tage Approach. Für Study-Kommunikation habe ich eine Platte,
eine Platte, eine Night. Ich habe eine Runde gefunden,
die die Walk for you that you tom how do it from the body like it.
Du schaust, dass die Person sportsure and the way that kind of self.
And Julian Lens, if you got a like that,
exactly, if you know, it's tenning up to all
early for hands and song and gedüngelt wirst.
Und wann, would likely work at list sometimes?
But if you applied to the same rule,
das Heil, den du half voller Job.
Es ist nicht nur ein sehr guter und dir.
Ich meine, die Benefite der Jobs, aber ich meine,
ich habe die Look at their ski.
Ich habe die Look at their skials. Ich habe die Look
at their pompetent. Es ist ein sehr schöner Markus-Charmat.
Es gibt die Benefite der Jobs. Aber das ist ein Matrix-Charmat,
das sie wirklich karg von Selbstmord wählen, wenn du eine Predict-Conversation tust.
Wir haben einen Job. Wir haben einen Play,
der right tool in der Right-Situation ist.
Dies ist eine sehr pragmatische Wahl of doing at things.
And it don't to be the claim is that their richers
in Bang and now little that's point, prospect theory.
And you naked with the
aversion montels
From Friends mit und so. Thanks, to are line with this story,
that are people are paid and now that we're completely.
And this other research, that look at pragmatic models,
as the ciple rules of tham,
but as how we tanks to a line itself,
with vision kind of story, that yes,
you put get very wrong, which is to get a right,
the whole point of,
if to have this matter,
skills,
to know what to do it
We good visit, it's already go. What down the
reasons why I do wouldn't be the cames that that are
listening touch a would give this clot of style,
the pragmatic couch, which is other story maybe is.
You can see, it will be that in two interemble,
but the follow something fear you to could is get that letter.
But what I definitely want to present to use this table
with eductives hummarises, the differences in the starts.
And this is I think where you would recognite human of
the other, buzzwords, even there,
not as popular of done economic book
Du, may of heard of night see.
But was a pooking to thousand that, my cash hunt,
then can by return fail, oh, call the doctory nature.
And it's an approach to make it policy different,
building up policy. That was in many way,
and not much that is a choice. So why? First,
cash hunts to one of our flash of the book,
building, present in Obama, adritor, for information,
the regulatory effects.
Second, then camera, in the UK, a stablish,
what was came to now, to be not as the naturality.
Precipts,
on exactly how to nots people
And recycly, also in Germany is bad understand the government in Berlin.
Open this new recurses department that's made to investing get home
can that to people into make it in people seasons.
So, what is nothing? Nothing years, when you
gentlemen cently, puss a varitor, sabber it doing same.
And in this kills powers doing the right thing.
So, some of the club of the give other follower.
Most of that now exact, the traust, etwa schön bist du,
Marky. But nehmen wir den ersten ersten Marker.
And the small cash have not down to this people.
But there are people that know Es ist schön,
dass es schön ist und in der Welt,
die Wish, die wir nicht gesprochen haben.
Aber sie haben die Tipps gemacht. Sie haben die Partner
gemacht. Sie haben die russische Russland, die Smoke.
Und sie haben nicht die Learnings und die Tipps gemacht.
So, der Thread oder der Argument Goals.
Ich habe die Pushment getort, nichts zu markieren.
Du kannst das mit allen Searchs von Ways machen.
Und way that often comes happenings that connomics to mixing outs private excellence.
Es ist schon bei Bullshit, way not least.
Das sind Incentives. Es ist möglich, was die Mente in Night,
because not a clockly in centulip push at senful push.
Es ist ein for push, If you don't making it,
or but the cardinal for people to small.
Which actually, ich habe es runter. If you
don't making it, that everybody, puts more cardinal.
But now smokers, I'm a fact, I should make it.
They have to out in the call and smoker that
you know, starts walking side the clash.
So this would counters and now. A cemple,
puts, towards a liminating, and the original behandler.
Because the person cannot that we never by themselves,
that's that it be. So you see that.
Bei Harvey Michael, der lifted culture, with has,
we have to be racial out.
You go to the stories and we have to be
racial,
but we can
You could be frust that it, because Vedongüter not to it.
So I have to gets a by of the dood for you.
And he will be the far it is,
could not you towards in that's motto. So it's I'm
how off its to be other that there listic culture,
study from something very vertical, like the models of the prospect theory,
every end.
And so upgiving very very concrete, policy at lives.
And this is serious, did hupped and from what I
thought you can from the reception that the night rhetoric can to gottom.
We are to a point now that there are a basically
such a firms for nating consumers everywhere
In der Programmatik-Cultur. Also, das ist das,
was wir nutzen, aber wir maybe good on maybe
but with to learn with through you went.
So, jetzt hören wir uns in eine Tright War.
Was tut das lot? Aber ich find, das tut mir more empower.
Because but do you want to passable to develope the competences,
that you need in order to make a rushing lot to see you.
So, you know, in the case of smoking.
Das ist eine lussional to be exactly, that you get you.
So give you more information, to give you the fact,
about it would be really happened when you smoking,
even the I said, we kind of believers,
society that's walking is not to really good.
You made not realize, come many years on the other titudes or your life.
You made not realize, not many years,
you will take off your life for your specificates,
for the reason factors and for your general health.
You made not not was to doctly. All you made on the clickerly,
on the other it, how many operations and treatments,
you will have to go through, if you're a smoker.
But the way, I didn't we do one up pick on smokers,
this is just and example, about how that different cultures would work.
The point intelligent that the journalism, you know,
it will be bus somebody torwarts, do you something?
Doing the rushing thing? But then even now that it's happening.
But you don't even explicitely, in a way tech,
your life will more in your hand.
So you have to develoption of competences on how to make the right efficience.
And that's that ducational partner it. And I said,
it flows, it flows on the call commitment of the pragmatic finden.
So what I wanted to show,
he is that even to in the first body of election of course,
the think of very,
it can we're talking about motels on beharrell on data
in the nature.
This data and this motels
Liebten. Du St. Gallen auf Steuer. Denn der Steuergewehr in Porto,
because President Obama in sonstigem Merkel, und Prime Minister Kamera in Wien,
behauptet ihre Liebe auf der Stirn und sie doof.
Und dann depending, wenn es kind of cities ist,
get monaged to winner confidence,
dann werden wir get to different programmieren,
gut get at nothing programmieren und enguicating programmieren.
Und es könnte gut to that,
dass es programmiert ist
Aber jetzt platzt du mal dippel. Aber outsay,
one thing, even the explanic out of opportunity,
live personally, when it beshow happy to living the world,
where the make me too stuff.
And I don't even three enlights. It have good be
a little bit of the not world.
And I will have to try that then fact,
no, what do be best for me?
I will have to trust. Well,
in the educating world, I think, you know,
the hold part of what the lasting civilization is buying through for the last.
Three 100 years. The point is that some,
how I have some compinency. And you can,
and the give you all the information that we know
have and then you make your deficial
Charlotte me, run up. Das ist eine different country
, das ist eine deutsche Kamera. Free oder morgen?
Das ist eine deutsche Kamera, die wir haben.
Ich denke, sie sind sehr late, um zu hören,
wie du deinen liebsten euren Lifehafen interessiert hast.
Es ist tot, es ist ein sehr fairer Artikel,
die diese Models of Datas interessiert,
wie sie die Erfahrungen decide that we level life how we decide to level lifes.
Und ich sage, from where I come from the
akademic parnomic,
this very portal
Coach, it's, if there's a tension, that's not
about thing. It's doesn't a portunity to tourshop thing.
But if it one, that there's a tension,
that hucking hope to in proof it.
And for our discussion, I can only view with the tour taples.
Yeah, hope it can sevens up. This is that that
same rights is that defenses of the countries in the taking the laspects.
And that that will that normal difference of the couchers in
the start time.
It's that that