Can emotions influence our economic decision making? | Ágnes Virlics | TEDxTârguMureș

This talk was given at a local TEDx event, produced independently of the TED Conferences. She completed her Ph.D. in Economics and her field of research is behavioral economics. She completed her Ph.D. in Economics and her field of research is behavioral economics. Ágnes spent two semesters at the Faculty of Economics of the University of Cambridge, in the United Kingdom, as a visiting Ph.D. student. She investigates the psychological influences on economic decision making: why do people make their economic decisions the way they do it. She creates her own mathematical model, which is a simulation of the interaction between rational objectivity and emotional subjectivity in economic decision making. During her research, Ágnes tested in practice the idea behind the model on a sample of decision makers, and she also conducted an economic laboratory experiment to study the effects of mood on investment decision making. About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

Comments

1. I dont get the last point that she made - a 5000 investment in a car is different because the person actually has use of the car - she didnt mention what they gain from the investment etc ?
2. When I first heared about that research from Agnes at the ICEA 2013 Bucharest Congress I knew that Behavioral Economics just started - experiments, research, case studies and more. Emotions are a powerful "decision making system" - thanks for that recap
3. Ügyes voltál, Ági .Sajnálom, hogy a videóra csak mostanság találtam rá , habár tudtam róla, hogy beszédet tartottál . :)  Like.
4. I liked this! It made me remember about what I read in this book: Merei Ferenc - Kozossegek rejtett halozata, how our decisions for picking a name for our children or picking a school to study can be subconsciously  influenced by another person who we value. I can imagine that those researches also apply when we're making economic decisions.
5. Very interesting, however I feel in our given society, consumerism is rampant. Marketing is a billion dollar industry. Of  course our emotions are manipulated to a point where we must have that item.