Tomorrow it Rain Money

Do you trouble saving money? Well, if you spoke Chinese you might have an easier time with it.

Chinese is one example of a future-less language, whereas English is a futured language, we make clear grammatical separations between the past, present and future. This talk from Keith Chen is just one example of the several great chapters to this weeks episode of the TED Radio Hour. In it he explains how the way we think about time has a great influence on our ability to make decisions concerning both future payoff and punishment.

The third chapter with Paul Piff is the most interesting to me. In this time of increasing inequality in America, it is important to think about how these changes affect us. One example from this talk is an experiment involving a rigged game of Monopoly. At the start of a game the two players would flip a coin, the winner of the flip would start the game with twice as much money and get to use two dice as opposed to one. As explained in his talk, the winning players in this rigged game begin to act very differently and also start to forget that the game is rigged to begin with.

All five speakers from this episode examine the way we look at money and the underlying reasons to explain our reactions. I highly recommend you listen to the whole talk or subscribe to the TED Radio Hour on iTunes.

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