[Script Info] Title: [Events] Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text Dialogue: 0,0:00:00.92,0:00:01.79,Default,,0000,0000,0000,,I'm going to talk to you about optimism -- Dialogue: 0,0:00:01.79,0:00:05.32,Default,,0000,0000,0000,,or more precisely, the optimism bias. Dialogue: 0,0:00:05.32,0:00:06.75,Default,,0000,0000,0000,,It's a cognitive illusion Dialogue: 0,0:00:06.75,0:00:10.00,Default,,0000,0000,0000,,that we've been studying in my lab for the past few years, Dialogue: 0,0:00:10.00,0:00:11.75,Default,,0000,0000,0000,,and 80 percent of us have it. Dialogue: 0,0:00:11.75,0:00:13.10,Default,,0000,0000,0000,,It's our tendency to overestimate Dialogue: 0,0:00:13.10,0:00:17.79,Default,,0000,0000,0000,,our likelihood of experiencing good events in our lives Dialogue: 0,0:00:17.79,0:00:19.79,Default,,0000,0000,0000,,and underestimate our likelihood of experiencing bad events. Dialogue: 0,0:00:19.79,0:00:24.92,Default,,0000,0000,0000,,So we underestimate our likelihood of suffering from cancer, Dialogue: 0,0:00:24.92,0:00:25.79,Default,,0000,0000,0000,,being in a car accident. Dialogue: 0,0:00:25.79,0:00:28.92,Default,,0000,0000,0000,,We overestimate our longevity, our career prospects. Dialogue: 0,0:00:28.92,0:00:32.50,Default,,0000,0000,0000,,In short, we're more optimistic than realistic, Dialogue: 0,0:00:32.50,0:00:34.71,Default,,0000,0000,0000,,but we are oblivious to the fact. Dialogue: 0,0:00:34.71,0:00:36.46,Default,,0000,0000,0000,,Take marriage for example. Dialogue: 0,0:00:36.46,0:00:40.50,Default,,0000,0000,0000,,In the Western world, divorce rates are about 40 percent. Dialogue: 0,0:00:40.50,0:00:44.00,Default,,0000,0000,0000,,That means that out of five married couples, Dialogue: 0,0:00:44.00,0:00:47.17,Default,,0000,0000,0000,,two will end up splitting their assets. Dialogue: 0,0:00:47.17,0:00:50.54,Default,,0000,0000,0000,,But when you ask newlyweds about their own likelihood of divorce, Dialogue: 0,0:00:50.54,0:00:53.54,Default,,0000,0000,0000,,they estimate it at zero percent. Dialogue: 0,0:00:53.54,0:00:56.62,Default,,0000,0000,0000,,And even divorce lawyers, who should really know better, Dialogue: 0,0:00:56.62,0:01:00.75,Default,,0000,0000,0000,,hugely underestimate their own likelihood of divorce. Dialogue: 0,0:01:00.75,0:01:04.00,Default,,0000,0000,0000,,So it turns out that optimists are not less likely to divorce, Dialogue: 0,0:01:04.00,0:01:07.08,Default,,0000,0000,0000,,but they are more likely to remarry. Dialogue: 0,0:01:07.08,0:01:08.83,Default,,0000,0000,0000,,In the words of Samuel Johnson, Dialogue: 0,0:01:08.83,0:01:13.58,Default,,0000,0000,0000,,"Remarriage is the triumph of hope over experience." Dialogue: 0,0:01:13.58,0:01:14.79,Default,,0000,0000,0000,,(Laughter) Dialogue: 0,0:01:14.79,0:01:19.75,Default,,0000,0000,0000,,So if we're married, we're more likely to have kids. Dialogue: 0,0:01:19.75,0:01:23.00,Default,,0000,0000,0000,,And we all think our kids will be especially talented. Dialogue: 0,0:01:23.00,0:01:26.17,Default,,0000,0000,0000,,This, by the way, is my two-year-old nephew, Guy. Dialogue: 0,0:01:26.17,0:01:28.54,Default,,0000,0000,0000,,And I just want to make it absolutely clear Dialogue: 0,0:01:28.54,0:01:30.67,Default,,0000,0000,0000,,that he's a really bad example of the optimism bias, Dialogue: 0,0:01:30.67,0:01:34.12,Default,,0000,0000,0000,,because he is in fact uniquely talented. Dialogue: 0,0:01:34.12,0:01:35.08,Default,,0000,0000,0000,,(Laughter) Dialogue: 0,0:01:35.08,0:01:37.17,Default,,0000,0000,0000,,And I'm not alone. Dialogue: 0,0:01:37.17,0:01:38.04,Default,,0000,0000,0000,,Out of four British people, three said Dialogue: 0,0:01:38.04,0:01:42.75,Default,,0000,0000,0000,,that they were optimistic about the future of their own families. Dialogue: 0,0:01:42.75,0:01:44.92,Default,,0000,0000,0000,,That's 75 percent. Dialogue: 0,0:01:44.92,0:01:46.67,Default,,0000,0000,0000,,But only 30 percent said Dialogue: 0,0:01:46.67,0:01:49.75,Default,,0000,0000,0000,,that they thought families in general Dialogue: 0,0:01:49.75,0:01:51.50,Default,,0000,0000,0000,,are doing better than a few generations ago. Dialogue: 0,0:01:51.50,0:01:53.58,Default,,0000,0000,0000,,And this is a really important point, Dialogue: 0,0:01:53.58,0:01:55.33,Default,,0000,0000,0000,,because we're optimistic about ourselves, Dialogue: 0,0:01:55.33,0:01:57.41,Default,,0000,0000,0000,,we're optimistic about our kids, Dialogue: 0,0:01:57.41,0:02:00.22,Default,,0000,0000,0000,,we're optimistic about our families, Dialogue: 0,0:02:00.22,0:02:02.78,Default,,0000,0000,0000,,but we're not so optimistic about the guy sitting next to us, Dialogue: 0,0:02:02.78,0:02:04.46,Default,,0000,0000,0000,,and we're somewhat pessimistic Dialogue: 0,0:02:04.46,0:02:08.58,Default,,0000,0000,0000,,about the fate of our fellow citizens and the fate of our country. Dialogue: 0,0:02:08.58,0:02:12.54,Default,,0000,0000,0000,,But private optimism about our own personal future Dialogue: 0,0:02:12.54,0:02:14.29,Default,,0000,0000,0000,,remains persistent. Dialogue: 0,0:02:14.29,0:02:18.25,Default,,0000,0000,0000,,And it doesn't mean that we think things will magically turn out okay, Dialogue: 0,0:02:18.25,0:02:22.38,Default,,0000,0000,0000,,but rather that we have the unique ability to make it so. Dialogue: 0,0:02:22.38,0:02:25.29,Default,,0000,0000,0000,,Now I'm a scientist, I do experiments. Dialogue: 0,0:02:25.29,0:02:26.17,Default,,0000,0000,0000,,So to show you what I mean, Dialogue: 0,0:02:26.17,0:02:29.62,Default,,0000,0000,0000,,I'm going to do an experiment here with you. Dialogue: 0,0:02:29.62,0:02:33.88,Default,,0000,0000,0000,,So I'm going to give you a list of abilities and characteristics, Dialogue: 0,0:02:33.88,0:02:37.29,Default,,0000,0000,0000,,and I want you to think for each of these abilities Dialogue: 0,0:02:37.29,0:02:40.50,Default,,0000,0000,0000,,where you stand relative to the rest of the population. Dialogue: 0,0:02:40.50,0:02:44.92,Default,,0000,0000,0000,,The first one is getting along well with others. Dialogue: 0,0:02:44.92,0:02:48.71,Default,,0000,0000,0000,,Who here believes they're at the bottom 25 percent? Dialogue: 0,0:02:48.71,0:02:52.58,Default,,0000,0000,0000,,Okay, that's about 10 people out of 1,500. Dialogue: 0,0:02:52.58,0:02:58.46,Default,,0000,0000,0000,,Who believes they're at the top 25 percent? Dialogue: 0,0:02:58.46,0:03:01.58,Default,,0000,0000,0000,,That's most of us here. Dialogue: 0,0:03:01.58,0:03:05.38,Default,,0000,0000,0000,,Okay, now do the same for your driving ability. Dialogue: 0,0:03:05.38,0:03:08.96,Default,,0000,0000,0000,,How interesting are you? Dialogue: 0,0:03:08.96,0:03:10.97,Default,,0000,0000,0000,,How attractive are you? Dialogue: 0,0:03:10.97,0:03:14.83,Default,,0000,0000,0000,,How honest are you? Dialogue: 0,0:03:14.83,0:03:18.42,Default,,0000,0000,0000,,And finally, how modest are you? Dialogue: 0,0:03:18.42,0:03:23.17,Default,,0000,0000,0000,,So most of us put ourselves above average Dialogue: 0,0:03:23.17,0:03:24.04,Default,,0000,0000,0000,,on most of these abilities. Dialogue: 0,0:03:24.04,0:03:27.33,Default,,0000,0000,0000,,Now this is statistically impossible. Dialogue: 0,0:03:27.33,0:03:29.25,Default,,0000,0000,0000,,We can't all be better than everyone else. Dialogue: 0,0:03:29.25,0:03:31.58,Default,,0000,0000,0000,,(Laughter) Dialogue: 0,0:03:31.58,0:03:34.88,Default,,0000,0000,0000,,But if we believe we're better than the other guy, Dialogue: 0,0:03:34.88,0:03:38.96,Default,,0000,0000,0000,,well that means that we're more likely to get that promotion, to remain married. Dialogue: 0,0:03:38.96,0:03:39.83,Default,,0000,0000,0000,,Because we're more social, more interesting. Dialogue: 0,0:03:39.83,0:03:43.04,Default,,0000,0000,0000,,And it's a global phenomenon. Dialogue: 0,0:03:43.04,0:03:44.83,Default,,0000,0000,0000,,The optimism bias has been observed Dialogue: 0,0:03:44.83,0:03:47.43,Default,,0000,0000,0000,,in many different countries -- Dialogue: 0,0:03:47.43,0:03:50.33,Default,,0000,0000,0000,,in Western cultures, in non-Western cultures, Dialogue: 0,0:03:50.33,0:03:51.55,Default,,0000,0000,0000,,in females and males, Dialogue: 0,0:03:51.55,0:03:54.24,Default,,0000,0000,0000,,in kids, in the elderly. Dialogue: 0,0:03:54.24,0:03:56.02,Default,,0000,0000,0000,,It's quite widespread. Dialogue: 0,0:03:56.02,0:03:58.02,Default,,0000,0000,0000,,But the question is, Is it good for us? Dialogue: 0,0:03:58.02,0:04:01.21,Default,,0000,0000,0000,,So some people say no. Dialogue: 0,0:04:01.21,0:04:03.83,Default,,0000,0000,0000,,Some people say the secret to happiness Dialogue: 0,0:04:03.83,0:04:06.83,Default,,0000,0000,0000,,is low expectations. Dialogue: 0,0:04:06.83,0:04:09.14,Default,,0000,0000,0000,,I think the logic goes something like this: Dialogue: 0,0:04:09.14,0:04:11.92,Default,,0000,0000,0000,,If we don't expect greatness, Dialogue: 0,0:04:11.92,0:04:15.17,Default,,0000,0000,0000,,if we don't expect to find love and be healthy and successful, Dialogue: 0,0:04:15.17,0:04:18.25,Default,,0000,0000,0000,,well we're not going to be disappointed when these things don't happen. Dialogue: 0,0:04:18.25,0:04:21.75,Default,,0000,0000,0000,,And if we're not disappointed when good things don't happen, Dialogue: 0,0:04:21.75,0:04:23.38,Default,,0000,0000,0000,,and we're pleasantly surprised when they do, Dialogue: 0,0:04:23.38,0:04:25.12,Default,,0000,0000,0000,,we will be happy. Dialogue: 0,0:04:25.12,0:04:27.86,Default,,0000,0000,0000,,So it's a very good theory, Dialogue: 0,0:04:27.86,0:04:30.21,Default,,0000,0000,0000,,but it turns out to be wrong for three reasons. Dialogue: 0,0:04:30.21,0:04:35.50,Default,,0000,0000,0000,,Number one: Whatever happens, whether you succeed or you fail, Dialogue: 0,0:04:35.50,0:04:38.86,Default,,0000,0000,0000,,people with high expectations always feel better. Dialogue: 0,0:04:38.86,0:04:42.88,Default,,0000,0000,0000,,Because how we feel when we get dumped or win employee of the month Dialogue: 0,0:04:42.88,0:04:45.46,Default,,0000,0000,0000,,depends on how we interpret that event. Dialogue: 0,0:04:45.46,0:04:49.71,Default,,0000,0000,0000,,The psychologists Margaret Marshall and John Brown Dialogue: 0,0:04:49.71,0:04:52.33,Default,,0000,0000,0000,,studied students with high and low expectations. Dialogue: 0,0:04:52.33,0:04:55.62,Default,,0000,0000,0000,,And they found that when people with high expectations succeed, Dialogue: 0,0:04:55.62,0:04:59.75,Default,,0000,0000,0000,,they attribute that success to their own traits. Dialogue: 0,0:04:59.75,0:05:01.50,Default,,0000,0000,0000,,"I'm a genius, therefore I got an A, Dialogue: 0,0:05:01.50,0:05:04.67,Default,,0000,0000,0000,,therefore I'll get an A again and again in the future." Dialogue: 0,0:05:04.67,0:05:07.62,Default,,0000,0000,0000,,When they failed, it wasn't because they were dumb, Dialogue: 0,0:05:07.62,0:05:10.88,Default,,0000,0000,0000,,but because the exam just happened to be unfair. Dialogue: 0,0:05:10.88,0:05:12.96,Default,,0000,0000,0000,,Next time they will do better. Dialogue: 0,0:05:12.96,0:05:16.25,Default,,0000,0000,0000,,People with low expectations do the opposite. Dialogue: 0,0:05:16.25,0:05:19.67,Default,,0000,0000,0000,,So when they failed it was because they were dumb, Dialogue: 0,0:05:19.67,0:05:21.17,Default,,0000,0000,0000,,and when they succeeded Dialogue: 0,0:05:21.17,0:05:23.79,Default,,0000,0000,0000,,it was because the exam just happened to be really easy. Dialogue: 0,0:05:23.79,0:05:26.50,Default,,0000,0000,0000,,Next time reality would catch up with them. Dialogue: 0,0:05:26.50,0:05:28.96,Default,,0000,0000,0000,,So they felt worse. Dialogue: 0,0:05:28.96,0:05:31.58,Default,,0000,0000,0000,,Number two: Regardless of the outcome, Dialogue: 0,0:05:31.58,0:05:35.58,Default,,0000,0000,0000,,the pure act of anticipation makes us happy. Dialogue: 0,0:05:35.58,0:05:38.67,Default,,0000,0000,0000,,The behavioral economist George Lowenstein Dialogue: 0,0:05:38.67,0:05:40.42,Default,,0000,0000,0000,,asked students in his university Dialogue: 0,0:05:40.42,0:05:43.62,Default,,0000,0000,0000,,to imagine getting a passionate kiss from a celebrity, any celebrity. Dialogue: 0,0:05:43.62,0:05:47.12,Default,,0000,0000,0000,,Then he said, "How much are you willing to pay Dialogue: 0,0:05:47.12,0:05:50.38,Default,,0000,0000,0000,,to get a kiss from a celebrity Dialogue: 0,0:05:50.38,0:05:52.12,Default,,0000,0000,0000,,if the kiss was delivered immediately, Dialogue: 0,0:05:52.12,0:05:57.62,Default,,0000,0000,0000,,in three hours, in 24 hours, in three days, Dialogue: 0,0:05:57.62,0:05:59.46,Default,,0000,0000,0000,,in one year, in 10 years? Dialogue: 0,0:05:59.46,0:06:01.54,Default,,0000,0000,0000,,He found that the students were willing to pay the most Dialogue: 0,0:06:01.54,0:06:04.83,Default,,0000,0000,0000,,not to get a kiss immediately, Dialogue: 0,0:06:04.83,0:06:08.17,Default,,0000,0000,0000,,but to get a kiss in three days. Dialogue: 0,0:06:08.17,0:06:10.58,Default,,0000,0000,0000,,They were willing to pay extra in order to wait. Dialogue: 0,0:06:10.58,0:06:14.42,Default,,0000,0000,0000,,Now they weren't willing to wait a year or 10 years; Dialogue: 0,0:06:14.42,0:06:16.50,Default,,0000,0000,0000,,no one wants an aging celebrity. Dialogue: 0,0:06:16.50,0:06:21.04,Default,,0000,0000,0000,,But three days seemed to be the optimum amount. Dialogue: 0,0:06:21.04,0:06:22.79,Default,,0000,0000,0000,,So why is that? Dialogue: 0,0:06:22.79,0:06:26.71,Default,,0000,0000,0000,,Well if you get the kiss now, it's over and done with. Dialogue: 0,0:06:26.71,0:06:28.46,Default,,0000,0000,0000,,But if you get the kiss in three days, Dialogue: 0,0:06:28.46,0:06:33.46,Default,,0000,0000,0000,,well that's three days of jittery anticipation, the thrill of the wait. Dialogue: 0,0:06:33.46,0:06:34.96,Default,,0000,0000,0000,,The students wanted that time Dialogue: 0,0:06:34.96,0:06:37.71,Default,,0000,0000,0000,,to imagine where is it going to happen, Dialogue: 0,0:06:37.71,0:06:38.58,Default,,0000,0000,0000,,how is it going to happen. Dialogue: 0,0:06:38.58,0:06:40.33,Default,,0000,0000,0000,,Anticipation made them happy. Dialogue: 0,0:06:40.33,0:06:45.42,Default,,0000,0000,0000,,This is, by the way, why people prefer Friday to Sunday. Dialogue: 0,0:06:45.42,0:06:47.50,Default,,0000,0000,0000,,It's a really curious fact, Dialogue: 0,0:06:47.50,0:06:50.92,Default,,0000,0000,0000,,because Friday is a day of work and Sunday is a day of pleasure, Dialogue: 0,0:06:50.92,0:06:53.08,Default,,0000,0000,0000,,so you'd assume that people will prefer Sunday, Dialogue: 0,0:06:53.08,0:06:55.54,Default,,0000,0000,0000,,but they don't. Dialogue: 0,0:06:55.54,0:06:58.42,Default,,0000,0000,0000,,It's not because they really, really like being in the office Dialogue: 0,0:06:58.42,0:06:59.65,Default,,0000,0000,0000,,and they can't stand strolling in the park Dialogue: 0,0:06:59.65,0:07:01.58,Default,,0000,0000,0000,,or having a lazy brunch. Dialogue: 0,0:07:01.58,0:07:03.64,Default,,0000,0000,0000,,We know that, because when you ask people Dialogue: 0,0:07:03.64,0:07:06.16,Default,,0000,0000,0000,,about their ultimate favorite day of the week, Dialogue: 0,0:07:06.16,0:07:08.57,Default,,0000,0000,0000,,surprise, surprise, Saturday comes in at first, Dialogue: 0,0:07:08.57,0:07:12.33,Default,,0000,0000,0000,,then Friday, then Sunday. Dialogue: 0,0:07:12.33,0:07:13.42,Default,,0000,0000,0000,,People prefer Friday Dialogue: 0,0:07:13.42,0:07:18.46,Default,,0000,0000,0000,,because Friday brings with it the anticipation of the weekend ahead, Dialogue: 0,0:07:18.46,0:07:20.38,Default,,0000,0000,0000,,all the plans that you have. Dialogue: 0,0:07:20.38,0:07:22.12,Default,,0000,0000,0000,,On Sunday, the only thing you can look forward to Dialogue: 0,0:07:22.12,0:07:23.00,Default,,0000,0000,0000,,is the work week. Dialogue: 0,0:07:23.00,0:07:29.62,Default,,0000,0000,0000,,So optimists are people who expect more kisses in their future, Dialogue: 0,0:07:29.62,0:07:31.33,Default,,0000,0000,0000,,more strolls in the park. Dialogue: 0,0:07:31.33,0:07:35.50,Default,,0000,0000,0000,,And that anticipation enhances their wellbeing. Dialogue: 0,0:07:35.50,0:07:38.12,Default,,0000,0000,0000,,In fact, without the optimism bias, Dialogue: 0,0:07:38.12,0:07:40.88,Default,,0000,0000,0000,,we would all be slightly depressed. Dialogue: 0,0:07:40.88,0:07:43.25,Default,,0000,0000,0000,,People with mild depression, Dialogue: 0,0:07:43.25,0:07:45.88,Default,,0000,0000,0000,,they don't have a bias when they look into the future. Dialogue: 0,0:07:45.88,0:07:49.96,Default,,0000,0000,0000,,They're actually more realistic than healthy individuals. Dialogue: 0,0:07:49.96,0:07:53.17,Default,,0000,0000,0000,,But individuals with severe depression, Dialogue: 0,0:07:53.17,0:07:54.04,Default,,0000,0000,0000,,they have a pessimistic bias. Dialogue: 0,0:07:54.04,0:07:57.21,Default,,0000,0000,0000,,So they tend to expect the future Dialogue: 0,0:07:57.21,0:07:59.41,Default,,0000,0000,0000,,to be worse than it ends up being. Dialogue: 0,0:07:59.41,0:08:03.33,Default,,0000,0000,0000,,So optimism changes subjective reality. Dialogue: 0,0:08:03.33,0:08:07.08,Default,,0000,0000,0000,,The way we expect the world to be changes the way we see it. Dialogue: 0,0:08:07.08,0:08:08.83,Default,,0000,0000,0000,,But it also changes objective reality. Dialogue: 0,0:08:08.83,0:08:12.08,Default,,0000,0000,0000,,It acts as a self-fulfilling prophecy. Dialogue: 0,0:08:12.08,0:08:15.46,Default,,0000,0000,0000,,And that is the third reason Dialogue: 0,0:08:15.46,0:08:17.21,Default,,0000,0000,0000,,why lowering your expectations will not make you happy. Dialogue: 0,0:08:17.21,0:08:19.75,Default,,0000,0000,0000,,Controlled experiments have shown Dialogue: 0,0:08:19.75,0:08:22.67,Default,,0000,0000,0000,,that optimism is not only related to success, Dialogue: 0,0:08:22.67,0:08:23.54,Default,,0000,0000,0000,,it leads to success. Dialogue: 0,0:08:23.54,0:08:28.67,Default,,0000,0000,0000,,Optimism leads to success in academia and sports and politics. Dialogue: 0,0:08:28.67,0:08:32.96,Default,,0000,0000,0000,,And maybe the most surprising benefit of optimism is health. Dialogue: 0,0:08:32.96,0:08:37.08,Default,,0000,0000,0000,,If we expect the future to be bright, Dialogue: 0,0:08:37.08,0:08:39.50,Default,,0000,0000,0000,,stress and anxiety are reduced. Dialogue: 0,0:08:39.50,0:08:43.46,Default,,0000,0000,0000,,So all in all, optimism has lots of benefits. Dialogue: 0,0:08:43.46,0:08:47.50,Default,,0000,0000,0000,,But the question that was really confusing to me was, Dialogue: 0,0:08:47.50,0:08:51.00,Default,,0000,0000,0000,,How do we maintain optimism in the face of reality? Dialogue: 0,0:08:51.00,0:08:54.83,Default,,0000,0000,0000,,As an neuroscientist, this was especially confusing, Dialogue: 0,0:08:54.83,0:08:58.08,Default,,0000,0000,0000,,because according to all the theories out there, Dialogue: 0,0:08:58.08,0:09:02.62,Default,,0000,0000,0000,,when your expectations are not met, you should alter them. Dialogue: 0,0:09:02.62,0:09:03.50,Default,,0000,0000,0000,,But this is not what we find. Dialogue: 0,0:09:03.50,0:09:06.58,Default,,0000,0000,0000,,We asked people to come into our lab Dialogue: 0,0:09:06.58,0:09:09.21,Default,,0000,0000,0000,,in order to try and figure out what was going on. Dialogue: 0,0:09:09.21,0:09:12.42,Default,,0000,0000,0000,,We asked them to estimate their likelihood Dialogue: 0,0:09:12.42,0:09:14.17,Default,,0000,0000,0000,,of experiencing different terrible events in their lives. Dialogue: 0,0:09:14.17,0:09:19.54,Default,,0000,0000,0000,,So for example, What is your likelihood of suffering from cancer? Dialogue: 0,0:09:19.54,0:09:20.42,Default,,0000,0000,0000,,And then we told them the average likelihood Dialogue: 0,0:09:20.42,0:09:24.88,Default,,0000,0000,0000,,of someone like them to suffer these misfortunes. Dialogue: 0,0:09:24.88,0:09:26.62,Default,,0000,0000,0000,,So cancer, for example, is about 30 percent. Dialogue: 0,0:09:26.62,0:09:31.38,Default,,0000,0000,0000,,And then we asked them again, Dialogue: 0,0:09:31.38,0:09:33.66,Default,,0000,0000,0000,,How likely are you to suffer from cancer? Dialogue: 0,0:09:33.66,0:09:35.67,Default,,0000,0000,0000,,What we wanted to know Dialogue: 0,0:09:35.67,0:09:39.17,Default,,0000,0000,0000,,was whether people will take the information that we gave them Dialogue: 0,0:09:39.17,0:09:40.67,Default,,0000,0000,0000,,to change their beliefs. Dialogue: 0,0:09:40.67,0:09:43.67,Default,,0000,0000,0000,,And indeed they did -- Dialogue: 0,0:09:43.67,0:09:45.42,Default,,0000,0000,0000,,but mostly when the information we gave them Dialogue: 0,0:09:45.42,0:09:48.42,Default,,0000,0000,0000,,was better than what they expected. Dialogue: 0,0:09:48.42,0:09:49.29,Default,,0000,0000,0000,,So for example, Dialogue: 0,0:09:49.29,0:09:52.46,Default,,0000,0000,0000,,if someone said, "My likelihood of suffering from cancer Dialogue: 0,0:09:52.46,0:09:54.21,Default,,0000,0000,0000,,is about 50 percent," Dialogue: 0,0:09:54.21,0:09:57.67,Default,,0000,0000,0000,,and we said, "Hey, good news. Dialogue: 0,0:09:57.67,0:10:00.83,Default,,0000,0000,0000,,The average likelihood is only 30 percent," Dialogue: 0,0:10:00.83,0:10:02.12,Default,,0000,0000,0000,,the next time around they would say, Dialogue: 0,0:10:02.12,0:10:04.92,Default,,0000,0000,0000,,"Well maybe my likelihood is about 35 percent." Dialogue: 0,0:10:04.92,0:10:07.29,Default,,0000,0000,0000,,So they learned quickly and efficiently. Dialogue: 0,0:10:07.29,0:10:09.04,Default,,0000,0000,0000,,But if someone started off saying, Dialogue: 0,0:10:09.04,0:10:12.58,Default,,0000,0000,0000,,"My average likelihood of suffering from cancer is about 10 percent," Dialogue: 0,0:10:12.58,0:10:16.88,Default,,0000,0000,0000,,and we said, "Hey, bad news. Dialogue: 0,0:10:16.88,0:10:19.33,Default,,0000,0000,0000,,The average likelihood is about 30 percent," Dialogue: 0,0:10:19.33,0:10:21.08,Default,,0000,0000,0000,,the next time around they would say, Dialogue: 0,0:10:21.08,0:10:25.12,Default,,0000,0000,0000,,"Yep. Still think it's about 11 percent." Dialogue: 0,0:10:25.12,0:10:26.00,Default,,0000,0000,0000,,(Laughter) Dialogue: 0,0:10:26.00,0:10:28.04,Default,,0000,0000,0000,,So it's not that they didn't learn at all -- they did -- Dialogue: 0,0:10:28.04,0:10:32.21,Default,,0000,0000,0000,,but much, much less than when we gave them Dialogue: 0,0:10:32.21,0:10:33.96,Default,,0000,0000,0000,,positive information about the future. Dialogue: 0,0:10:33.96,0:10:37.21,Default,,0000,0000,0000,,And it's not that they didn't remember the numbers that we gave them; Dialogue: 0,0:10:37.21,0:10:39.96,Default,,0000,0000,0000,,everyone remembers that the average likelihood of cancer Dialogue: 0,0:10:39.96,0:10:40.83,Default,,0000,0000,0000,,is about 30 percent Dialogue: 0,0:10:40.83,0:10:44.08,Default,,0000,0000,0000,,and the average likelihood of divorce is about 40 percent. Dialogue: 0,0:10:44.08,0:10:48.38,Default,,0000,0000,0000,,But they didn't think that those numbers were related to them. Dialogue: 0,0:10:48.38,0:10:51.00,Default,,0000,0000,0000,,What this means is that warning signs such as these Dialogue: 0,0:10:51.00,0:10:55.29,Default,,0000,0000,0000,,may only have limited impact. Dialogue: 0,0:10:55.29,0:10:58.67,Default,,0000,0000,0000,,Yes, smoking kills, but mostly it kills the other guy. Dialogue: 0,0:10:58.67,0:11:03.04,Default,,0000,0000,0000,,What I wanted to know Dialogue: 0,0:11:03.04,0:11:05.33,Default,,0000,0000,0000,,was what was going on inside the human brain Dialogue: 0,0:11:05.33,0:11:09.46,Default,,0000,0000,0000,,that prevented us from taking these warning signs personally. Dialogue: 0,0:11:09.46,0:11:12.38,Default,,0000,0000,0000,,But at the same time, when we hear that the housing market is hopeful, Dialogue: 0,0:11:12.38,0:11:16.50,Default,,0000,0000,0000,,we think, "Oh, my house is definitely going to double in price." Dialogue: 0,0:11:16.50,0:11:19.00,Default,,0000,0000,0000,,To try and figure that out, Dialogue: 0,0:11:19.00,0:11:20.75,Default,,0000,0000,0000,,I asked the participants in the experiment Dialogue: 0,0:11:20.75,0:11:23.96,Default,,0000,0000,0000,,to lie in a brain imaging scanner. Dialogue: 0,0:11:23.96,0:11:25.21,Default,,0000,0000,0000,,It looks like this. Dialogue: 0,0:11:25.21,0:11:27.79,Default,,0000,0000,0000,,And using a method called functional MRI, Dialogue: 0,0:11:27.79,0:11:31.58,Default,,0000,0000,0000,,we were able to identify regions in the brain Dialogue: 0,0:11:31.58,0:11:35.00,Default,,0000,0000,0000,,that were responding to positive information. Dialogue: 0,0:11:35.00,0:11:37.62,Default,,0000,0000,0000,,One of these regions is called the left inferior frontal gyrus. Dialogue: 0,0:11:37.62,0:11:41.88,Default,,0000,0000,0000,,So if someone said, "My likelihood of suffering from cancer is 50 percent," Dialogue: 0,0:11:41.88,0:11:44.50,Default,,0000,0000,0000,,and we said, "Hey, good news. Dialogue: 0,0:11:44.50,0:11:45.38,Default,,0000,0000,0000,,Average likelihood is 30 percent," Dialogue: 0,0:11:45.38,0:11:49.50,Default,,0000,0000,0000,,the left inferior frontal gyrus would respond fiercely. Dialogue: 0,0:11:49.50,0:11:52.12,Default,,0000,0000,0000,,And it didn't matter if you're an extreme optimist, a mild optimist Dialogue: 0,0:11:52.12,0:11:54.44,Default,,0000,0000,0000,,or slightly pessimistic, Dialogue: 0,0:11:54.44,0:11:59.50,Default,,0000,0000,0000,,everyone's left inferior frontal gyrus Dialogue: 0,0:11:59.50,0:12:00.38,Default,,0000,0000,0000,,was functioning perfectly well, Dialogue: 0,0:12:00.38,0:12:04.25,Default,,0000,0000,0000,,whether you're Barack Obama or Woody Allen. Dialogue: 0,0:12:04.25,0:12:05.12,Default,,0000,0000,0000,,On the other side of the brain, Dialogue: 0,0:12:05.12,0:12:09.54,Default,,0000,0000,0000,,the right inferior frontal gyrus was responding to bad news. Dialogue: 0,0:12:09.54,0:12:14.08,Default,,0000,0000,0000,,And here's the thing: It wasn't doing a very good job. Dialogue: 0,0:12:14.08,0:12:16.08,Default,,0000,0000,0000,,The more optimistic you were, Dialogue: 0,0:12:16.08,0:12:16.96,Default,,0000,0000,0000,,the less likely this region was Dialogue: 0,0:12:16.96,0:12:21.12,Default,,0000,0000,0000,,to respond to unexpected negative information. Dialogue: 0,0:12:21.12,0:12:22.88,Default,,0000,0000,0000,,And if your brain is failing Dialogue: 0,0:12:22.88,0:12:27.50,Default,,0000,0000,0000,,at integrating bad news about the future, Dialogue: 0,0:12:27.50,0:12:32.00,Default,,0000,0000,0000,,you will constantly leave your rose-tinted spectacles on. Dialogue: 0,0:12:32.00,0:12:36.00,Default,,0000,0000,0000,,So we wanted to know, Could we change this? Dialogue: 0,0:12:36.00,0:12:40.46,Default,,0000,0000,0000,,Could we alter people's optimism bias Dialogue: 0,0:12:40.46,0:12:44.38,Default,,0000,0000,0000,,by interfering with the brain activity in these regions? Dialogue: 0,0:12:44.38,0:12:47.00,Default,,0000,0000,0000,,And there's a way for us to do that. Dialogue: 0,0:12:47.00,0:12:48.75,Default,,0000,0000,0000,,This is my collaborator Ryota Kanai. Dialogue: 0,0:12:48.75,0:12:54.17,Default,,0000,0000,0000,,And what he's doing is he's passing a small magnetic pulse Dialogue: 0,0:12:54.17,0:12:55.92,Default,,0000,0000,0000,,through the skull of the participant in our study Dialogue: 0,0:12:55.92,0:12:58.21,Default,,0000,0000,0000,,into their inferior frontal gyrus. Dialogue: 0,0:12:58.21,0:13:00.46,Default,,0000,0000,0000,,And by doing that, Dialogue: 0,0:13:00.46,0:13:02.21,Default,,0000,0000,0000,,he's interfering with the activity of this brain region Dialogue: 0,0:13:02.21,0:13:05.21,Default,,0000,0000,0000,,for about half an hour. Dialogue: 0,0:13:05.21,0:13:06.08,Default,,0000,0000,0000,,After that everything goes back to normal, I assure you. Dialogue: 0,0:13:06.08,0:13:07.83,Default,,0000,0000,0000,,(Laughter) Dialogue: 0,0:13:07.83,0:13:09.58,Default,,0000,0000,0000,,So let's see what happens. Dialogue: 0,0:13:09.58,0:13:14.54,Default,,0000,0000,0000,,First of all, I'm going to show you Dialogue: 0,0:13:14.54,0:13:16.29,Default,,0000,0000,0000,,the average amount of bias that we see. Dialogue: 0,0:13:16.29,0:13:19.79,Default,,0000,0000,0000,,So if I was to test all of you now, Dialogue: 0,0:13:19.79,0:13:22.12,Default,,0000,0000,0000,,this is the amount that you would learn Dialogue: 0,0:13:22.12,0:13:23.88,Default,,0000,0000,0000,,more from good news relative to bad news. Dialogue: 0,0:13:23.88,0:13:27.67,Default,,0000,0000,0000,,Now we interfere with the region Dialogue: 0,0:13:27.67,0:13:31.04,Default,,0000,0000,0000,,that we found to integrate negative information in this task, Dialogue: 0,0:13:31.04,0:13:34.08,Default,,0000,0000,0000,,and the optimism bias grew even larger. Dialogue: 0,0:13:34.08,0:13:40.58,Default,,0000,0000,0000,,We made people more biased in the way that they process information. Dialogue: 0,0:13:40.58,0:13:43.54,Default,,0000,0000,0000,,Then we interfered with the brain region Dialogue: 0,0:13:43.54,0:13:47.58,Default,,0000,0000,0000,,that we found to integrate good news in this task, Dialogue: 0,0:13:47.58,0:13:50.21,Default,,0000,0000,0000,,and the optimism bias disappeared. Dialogue: 0,0:13:50.21,0:13:54.00,Default,,0000,0000,0000,,We were quite amazed by these results Dialogue: 0,0:13:54.00,0:13:55.79,Default,,0000,0000,0000,,because we were able to eliminate Dialogue: 0,0:13:55.79,0:13:57.54,Default,,0000,0000,0000,,a deep-rooted bias in humans. Dialogue: 0,0:13:57.54,0:14:02.50,Default,,0000,0000,0000,,And at this point we stopped and we asked ourselves, Dialogue: 0,0:14:02.50,0:14:08.12,Default,,0000,0000,0000,,Would we want to shatter the optimism illusion into tiny little bits? Dialogue: 0,0:14:08.12,0:14:13.29,Default,,0000,0000,0000,,If we could do that, would we want to take people's optimism bias away? Dialogue: 0,0:14:13.29,0:14:18.29,Default,,0000,0000,0000,,Well I've already told you about all of the benefits of the optimism bias, Dialogue: 0,0:14:18.29,0:14:22.88,Default,,0000,0000,0000,,which probably makes you want to hold onto it for dear life. Dialogue: 0,0:14:22.88,0:14:23.75,Default,,0000,0000,0000,,But there are, of course, pitfalls, Dialogue: 0,0:14:23.75,0:14:27.83,Default,,0000,0000,0000,,and it would be really foolish of us to ignore them. Dialogue: 0,0:14:27.83,0:14:31.33,Default,,0000,0000,0000,,Take for example this email I recieved Dialogue: 0,0:14:31.33,0:14:33.75,Default,,0000,0000,0000,,from a firefighter here in California. Dialogue: 0,0:14:33.75,0:14:37.21,Default,,0000,0000,0000,,He says, "Fatality investigations for firefighters Dialogue: 0,0:14:37.21,0:14:40.46,Default,,0000,0000,0000,,often include 'we didn't think the fire was going to do that,' Dialogue: 0,0:14:40.46,0:14:43.08,Default,,0000,0000,0000,,even when all of the available information Dialogue: 0,0:14:43.08,0:14:46.29,Default,,0000,0000,0000,,was there to make safe decisions." Dialogue: 0,0:14:46.29,0:14:49.75,Default,,0000,0000,0000,,This captain is going to use our findings on the optimism bias Dialogue: 0,0:14:49.75,0:14:50.62,Default,,0000,0000,0000,,to try to explain to the firefighters Dialogue: 0,0:14:50.62,0:14:53.88,Default,,0000,0000,0000,,why they think the way they do, Dialogue: 0,0:14:53.88,0:14:59.71,Default,,0000,0000,0000,,to make them acutely aware of this very optimistic bias in humans. Dialogue: 0,0:14:59.71,0:15:05.75,Default,,0000,0000,0000,,So unrealistic optimism can lead to risky behavior, Dialogue: 0,0:15:05.75,0:15:09.25,Default,,0000,0000,0000,,to financial collapse, to faulty planning. Dialogue: 0,0:15:09.25,0:15:11.54,Default,,0000,0000,0000,,The British government, for example, Dialogue: 0,0:15:11.54,0:15:15.71,Default,,0000,0000,0000,,has acknowledged that the optimism bias Dialogue: 0,0:15:15.71,0:15:18.33,Default,,0000,0000,0000,,can make individuals more likely Dialogue: 0,0:15:18.33,0:15:22.38,Default,,0000,0000,0000,,to underestimate the costs and durations of projects. Dialogue: 0,0:15:22.38,0:15:25.88,Default,,0000,0000,0000,,So they have adjusted the 2012 Olympic budget for the optimism bias. Dialogue: 0,0:15:25.88,0:15:31.57,Default,,0000,0000,0000,,My friend who's getting married in a few weeks Dialogue: 0,0:15:31.57,0:15:34.01,Default,,0000,0000,0000,,has done the same for his wedding budget. Dialogue: 0,0:15:34.01,0:15:35.79,Default,,0000,0000,0000,,And by the way, when I asked him about his own likelihood of divorce, Dialogue: 0,0:15:35.79,0:15:39.88,Default,,0000,0000,0000,,he said he was quite sure it was zero percent. Dialogue: 0,0:15:39.88,0:15:42.29,Default,,0000,0000,0000,,So what we would really like to do, Dialogue: 0,0:15:42.29,0:15:45.79,Default,,0000,0000,0000,,is we would like to protect ourselves from the dangers of optimism, Dialogue: 0,0:15:45.79,0:15:50.96,Default,,0000,0000,0000,,but at the same time remain hopeful, Dialogue: 0,0:15:50.96,0:15:51.83,Default,,0000,0000,0000,,benefiting from the many fruits of optimism. Dialogue: 0,0:15:51.83,0:15:56.08,Default,,0000,0000,0000,,And I believe there's a way for us to do that. Dialogue: 0,0:15:56.08,0:15:56.96,Default,,0000,0000,0000,,The key here really is knowledge. Dialogue: 0,0:15:56.96,0:16:00.21,Default,,0000,0000,0000,,We're not born with an innate understanding of our biases. Dialogue: 0,0:16:00.21,0:16:02.83,Default,,0000,0000,0000,,These have to be identified by scientific investigation. Dialogue: 0,0:16:02.83,0:16:07.83,Default,,0000,0000,0000,,But the good news is that becoming aware of the optimism bias Dialogue: 0,0:16:07.83,0:16:10.21,Default,,0000,0000,0000,,does not shatter the illusion. Dialogue: 0,0:16:10.21,0:16:12.12,Default,,0000,0000,0000,,It's like visual illusions, Dialogue: 0,0:16:12.12,0:16:16.29,Default,,0000,0000,0000,,in which understanding them does not make them go away. Dialogue: 0,0:16:16.29,0:16:20.08,Default,,0000,0000,0000,,And this is good because it means we should be able to strike a balance, Dialogue: 0,0:16:20.08,0:16:23.58,Default,,0000,0000,0000,,to come up with plans and rules Dialogue: 0,0:16:23.58,0:16:25.60,Default,,0000,0000,0000,,to protect ourselves from unrealistic optimism, Dialogue: 0,0:16:25.60,0:16:28.62,Default,,0000,0000,0000,,but at the same time remain hopeful. Dialogue: 0,0:16:28.62,0:16:32.79,Default,,0000,0000,0000,,I think this cartoon portrays it nicely. Dialogue: 0,0:16:32.79,0:16:36.08,Default,,0000,0000,0000,,Because if you're one of these pessimistic penguins up there Dialogue: 0,0:16:36.08,0:16:37.83,Default,,0000,0000,0000,,who just does not believe they can fly, Dialogue: 0,0:16:37.83,0:16:40.79,Default,,0000,0000,0000,,you certainly never will. Dialogue: 0,0:16:40.79,0:16:41.79,Default,,0000,0000,0000,,Because to make any kind of progress, Dialogue: 0,0:16:41.79,0:16:45.79,Default,,0000,0000,0000,,we need to be able to imagine a different reality, Dialogue: 0,0:16:45.80,0:16:48.70,Default,,0000,0000,0000,,and then we need to believe that that reality is possible. Dialogue: 0,0:16:48.73,0:16:51.50,Default,,0000,0000,0000,,But if you are an extreme optimistic penguin Dialogue: 0,0:16:51.50,0:16:55.00,Default,,0000,0000,0000,,who just jumps down blindly hoping for the best, Dialogue: 0,0:16:55.00,0:16:58.46,Default,,0000,0000,0000,,you might find yourself in a bit of a mess when you hit the ground. Dialogue: 0,0:16:58.46,0:17:00.21,Default,,0000,0000,0000,,But if you're an optimistic penguin Dialogue: 0,0:17:00.21,0:17:05.96,Default,,0000,0000,0000,,who believes they can fly, but then adjusts a parachute to your back Dialogue: 0,0:17:05.96,0:17:08.21,Default,,0000,0000,0000,,just in case things don't work out exactly as you had planned, Dialogue: 0,0:17:08.21,0:17:09.92,Default,,0000,0000,0000,,you will soar like an eagle, Dialogue: 0,0:17:09.92,0:17:13.46,Default,,0000,0000,0000,,even if you're just a penguin. Dialogue: 0,0:17:13.46,0:17:14.33,Default,,0000,0000,0000,,Thank you. Dialogue: 0,0:17:14.33,0:17:17.83,Default,,0000,0000,0000,,(Applause)