The Counterintuitive Psychology of Insurance | Orit Tykocinski | TED 

Uauuu she did transform a supposedly boring subject into something quite interesting 👏🏻👏🏻👏🏻👏🏻🙏🏻✨

@TED I interview homeless fentanyl addicts here in Phoenix for my RU-vid channel as we currently have an epidemic going on here with 5 Arizonans dying each day from opioid overdoses. Most of the people I interview are teens and young adults. I’ve interviewed about 300 people in a year and a half. 3 of them are dead from overdoses and 2 are in prison for murder. If you ever do an episode on addiction please invite me to speak on this subject to help create awareness and possibly save a life. Thank you 🙏🏼

Brilliant presentation, would never have thought of insurance as food for thought…

Great presentation! Who knew insurance could be so interesting 🤔 Orit did!

Risk is a combination of probability and consequence. When I buy insurance I know the probability is not impacted by the purchase but I may have an issue determining the probability because those are general based on statistics across a population. The difference to me is the consequence of an adverse outcome to me and mine.

great presentation

I LOVE TED TALK

7:11 we are conditioned to believe that state has our best interests at heart when they require things like insurance for various reasons... BUT INSURANCE IS A MULTI-TRILLION DOLLAR RACKET which means all the money is cozy in bed with each other, while the average person gets the shaft out in the cold

Thank you

Love her dress

Insurance seems to be legalized robbery. They appear to only be good at two things collecting premiums and denying claims.

at no point have I ever thought insurance prevents something from happening.

Being reminded that you have insurance may cause a mental adjustment to what we consider an "emergency," explaining the phenomenon

Good

I'd not be surprised if having insurance against your car getting stolen increases the risk! Reason: Without insurance you are more likely to avoid parking in unlit and other high risk places.

disasters cause enough relocation expenses without us helping. no more evictions from primary residences!

Good perspective 👏

Insurance also increases the risks people will take. When they feel protected, they are less concerned with being safe.

Hello, i'd like to introduce you to the concept of the "Gold Bar Scheme"...

But the premium was only X dollars and 99 cents whereas a dollar more than X would clearly have been too pricey! I mean.. it’s a total no-brainer.. right? ;-) -Phill, Las Vegas

ほんと勉強になりますな〜

We also know that the owners of insurance companies are actively lobbing Washington to put caps on insurance payouts. So it makes sense to see you putting insurance into question... Covid shots have began a heavy bleed on insurance payouts. They're loosing profits.

I'm so ready for us to stop playing the stupid game that is money

Coming from a place there is no culture of having an insurance, I realized insurance can be a great protection tool if we do it the right way. Without life insurance, no one really care about road safety for example. There are a lot of negligence on the road and loop holes in road safety enforcement including funding for the officers. Instead of insurance corruptions take place to favor the corrupted ones. Recent events killed many civilians in Myanmar by security forces should have been protected if we have a national life insurance policy to protect its citizens. If the lost of lives will cost someone dearly, the tragic events would have been prevented. Let’s consider health insurance as a social responsibility for the overall good of the community ie the premiums paid by the individuals is to be used as a reserved fund to care for the sick and dying ones, that will balanced the inequalities a bit better. The reality is that who can pay the most may not necessarily be the one who needs to spend it. The premium will be used to pay for our unfortunate fellow. Obviously who wants to be sick in order to claim from the insurance. The premiums from the rest of us should not be considered as a loss but as a responsibility towards each other. BUT the whole concept need to be operated under one condition tho. Both insurers and insured need to be honest with good intent, not to abuse or defraud the collectively reserved insurance fund. Otherwise such a great tool to level out our society will become a weapon of mass wealth destruction!

Cosmos=quantum adjustment! Life=molecular adjustment! Consciousness=memetic adjustment!

...All is well.. 😂😂😂

I must be wired differently. If I was witnessing my govt distribute gas masks, I would think that the likelihood of the attack was greater than before. Otherwise why would the govt distribute the masks?

Never in my life have I thought, "well...I got insurance...good to know that won't happen now." Exactly the opposite, actually. Insurance is for the things that you think WILL happen. What a bizarre video...

It does what you pay for. If attack is poison gas , mask was good insurance. Health insurance also encourages people to keep up with their health by attending wellness program. So yes insurance is not just a magical thought. If it does what you pay for, it gives a sense of security. Life insurance,,,, if the primary income dies and you don't have insurance, ,,,

Huh

zur

Here is a simple logical claim. Proof me wrong. If people would be getting the insurance money they (really) needed (or at least 50% of the money paid accumulatively) then insurance companys wouldn't be the money collecting tanks as they in fact are.

6th

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Confirmation that you can sell stupid people anything.

i can learn English here😁

I worked over a decade in insurance so what you are telling me is stupid. You might as well tell me that the sky is blue , water is wet or fire is hot.

One of the most hilarious forms of insurances is to me phone cases. I ask people if they really drop their phones that frequently, and they say yes. When I ask why it's because they often knock it off the table, off the couch, etc. Then I ask why they don't just keep their phone in their pocket where it's safe and secure, and they say that they'd rather not because the phone case makes it bulky and uncomfortable.

First

"Insurance is like a religion. Insurance is like a primitive religion. It's the religion of people who believe by having insurance can ward off evil. Frank Kefka Insurance is like a religion. Insurance is like a primitive religion. It's the religion of people who believe by having insurance can ward off evil." Franz Kafka

You are insulting my fellow humans. I have insurance because of the "what if" questions paired with the likelihood of that actually happening. Another insurance I pay for just to shut up my better half and have more time for better topics. I will keep listening, there are 14 more minutes. Maybe that was just a flat start. I refuse to believe that over 80% of people are as limited as you suggest they are.

حضرات السيدات والسادة النبلاء... فأي نظام عالمي يعلي شعبا أو مجموعة من البشر فوق غيرهم سيبوء بالفشل لا محالة، وبغض النظر عن أفكارنا حول أحداث الماضي يجب أن لا نصبح أبدا سجناء لأحداث مضت، وإنما يجب معالجة مشاكلنا بواسطة الشراكة كما يجب أن نحقق التقدم بصفة مشتركة. لا يعني ذلك بالنسبة لنا أن نفضل التغاضي عن مصادر التوتر، وفي الحقيقة فإن العكس هو الأرجح، يجب علينا مجابهة هذه التوترات بصفة مفتوحة، واسمحوا لي انطلاقا من هذه الروح أن أتطرق بمنتهى الصراحة وأكبر قدر ممكن من البساطة إلى بعض الأمور المحددة التي أعتقد أنه يتعين علينا مواجهتها في نهاية المطاف بجهد مشترك. أنقذ كوكبنا🌍🌏🌎 !!!. أشكرك.

that was the worst TED talk I've ever seen

🌍🌏🌎 حضرات السيدات والسادة النبلاء... فأي نظام عالمي يعلي شعبا أو مجموعة من البشر فوق غيرهم سيبوء بالفشل لا محالة، وبغض النظر عن أفكارنا حول أحداث الماضي يجب أن لا نصبح أبدا سجناء لأحداث مضت، وإنما يجب معالجة مشاكلنا بواسطة الشراكة كما يجب أن نحقق التقدم بصفة مشتركة. لا يعني ذلك بالنسبة لنا أن نفضل التغاضي عن مصادر التوتر، وفي الحقيقة فإن العكس هو الأرجح، يجب علينا مجابهة هذه التوترات بصفة مفتوحة، واسمحوا لي انطلاقا من هذه الروح أن أتطرق بمنتهى الصراحة وأكبر قدر ممكن من البساطة إلى بعض الأمور المحددة التي أعتقد أنه يتعين علينا مواجهتها في نهاية المطاف بجهد مشترك. أشكرك.

Congrats on being early and finding this comment 🥇

Oooh, likes and dislikes disabled. Well, now I'm obligated to immediately dislike the video.

Like Insurance, pretty useless TED talk ever. Or maybe my fears are unrealistic.

Thank you

First