The Economics Of Decision Making | Nikhil Srinivas | TEDxTAMS Youth
This TED talk explores a refined approach to decision-making by expanding beyond the traditional focus on immediate crossroads. Often, we only consider the direct outcomes of a decision, but this talk encourages analyzing the long-term implications, looking five or six steps ahead. By adopting the SWOT analysis model, we can evaluate decisions through the lenses of strengths, weaknesses, opportunities, and time constraints, considering how each factor shapes future outcomes. The talk also introduces the concept of a decision web or tree, where multiple possibilities converge over time, rather than a singular choice. This method empowers individuals to assess their opportunities more thoroughly, offering a nuanced perspective on decision-making in a world of uncertainties. Nikhil Srinivas is a driven high school student and researcher passionate about ecology and sustainability as well as economics and finance. He holds the Congressional Gold Medal and has obtained an Eagle Scout distinction. He enjoys the field of biology and wishes to grow it furthers and inspire others wanting to work in it. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
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