Modern Manipulation: How Tech Companies Are Using Behavioral Economics (w/ Raoul Pal and Dee Smith)

Raoul Pal sits down with Dee Smith of Strategic Insight Group to cover a host of problems facing the world today. In particular, they tackle the issue of technology companies and state actors using behavioral economics to shape the world to their advantage. They also discuss about globalization and the current economic moment more generally. Filmed on August 28, 2018 in New York.

About Real Vision™:
Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.

Connect with Real Vision™ Online:

Modern Manipulation: How Tech Companies Are Using Behavioral Economics (w/ Raoul Pal and Dee Smith)

Disclaimer:
This is pretty obvious, but we should probably say it anyway so that there is absolutely no confusion…The material in REAL VISION GROUP video programs and publications {collectively referred to as “RV RELEASES”} is provided for informational purposes only and is NOT investment advice. The information in RV RELEASES has been obtained from sources believed to be reliable, but Real Vision and its contributors, distributors and/or publisher, licensors, and their respective employees, contractors , agents, suppliers and vendors { collectively, “Affiliated Parties”} make no representation or warranty as to the accuracy, timeliness or completeness of the content in RV RELEASES. Any data included in RV RELEASES are illustrative only and not for investment purposes. Any opinion or recommendation expressed in RV RELEASES is subject to change without notice. RV Releases do not recommend, explicitly nor implicitly, nor suggest or recommend any investment strategy. Real Vision Group and its Affiliated Parties disclaim all liability for any loss that may arise (whether direct indirect, consequential, incidental, punitive or otherwise) from any use of the information in RV RELEASES. Real Vision Group and its Affiliated Parties do not have regard to any individual’s, group of individuals’ or entity’s specific investment objectives, financial situation or circumstance. RV RELEASES do not express any opinion on the future value of any security, currency or other investment instrument. You should seek expert financial and other advice regarding the appropriateness of the material discussed or recommended in RV RELEASES and should note that investment values may fall, you may receive less back than originally invested and past performances is not necessarily reflective of future performances. Well that was pretty intense! We hope you got all of that – now stop reading the small print and go and enjoy Real Vision.

[RealVisionPresents]

No more waiting for the content to make it here weeks or even months after it was shot and no missing out on insights and information that move markets. Better yet.... No advertisements! Join today!

[feelingluckyduck]

It's fun watching these guys explain the flames as everything burns.

[WhyCardano]

Raoul always impresses with his processor speed...but the question Dee asked about his origin story of 1940's capitalism til now...has me playing it all out and not being able to find a hole in his thesis. Absolutely nailed unintended consequences on the timeline...lack of savings, consumption, financialization of savings, debt, labor into capital, WTO issues, etc...So thankful this is free :) Joined for paid trial.

[NUFCMVFC]

@11;45, worth considering that as Baby Boomers were in late Teens/Early 20's world went off the Gold Standard and this flipped the dynamic from Savings/Productivity to Credit/Consumption model, which managed to get financialised in the 80's

[deltadigger]

It's amazing it's taken this long to figure this out. Solution, manufature what you use and consume.

[jorgeponce]

Brilliant explanation 9:52 all thru 17:14

[mtofas]

Considering the growth in population, economics should have been healthy throughout the last 50 years except as per my previous statement, the powerful have delayed Utopia for the purpose of their greed. Not to mention that we now we're quite possibly facing world annihilation via the climates changes! Charming!

[pamross]

I am a boomer, my parents had nothing. I decided early on not to have kids not to live there sad not happy lives.
. But I never over spent I have been dept free since 1988.

[HeadStronger-HS]

Tech is accelerating so dramatically. If your not a bit concerned your not seeing the big picture. Machine Leaning is going to put a great deal of people out of work.

[aiseomaster]

Some very dangerous and attractive ideas discussed here. I have several methods by which I could control the human race in a eugenic manner, whilst the non-technologically advanced would never even be aware of the malignancy. BUT I still agree this is THE WAY.

[wolfsurvivor]

Probably the most well thought conversation about human behavior on the internet. Insight like that will help propel mankind into an exciting Star Trek world in the future.

[johnnybow]

Did someone realize the soft drink cup that was covered up in that side-by-side camera view under Dee’s chair? ^^

[alskywell]

I believe that one of the biggest use case scenarios for behavioral economics is online dating platforms like Tinder and OKC. While social media and search giants are finally beginning to have light cast upon them, I feel as if the online dating world still operates entirely in the shadows. And, yet it's quite possible because of the highly primal/emotive nature of mate partnering that this is the area most susceptible to manipulation. Dating apps, like social media, require perpetual user engagement and an expanding user base. What does that translate to for dating apps? How would they, hypothetically speaking, achieve ongoing user engagement while simultaneously expanding their user base? How would they use data /algorithms in such a way as to keep their user base engaged with the platform long term? I think the answer to that question lies in search and discovery - how people are matched, who people are matched with, and on what data driven basis people are matched. Fun fact: all major dating apps are owned by Match Group. I guess that makes them the Google of dating.

[IamtheRealrexman]

Absolutely fantastic conversation. Thank you.

[WaseemKhsaad]

amazing conversation, thanks for sharing

[surfside]

9 ads.. don't y'all realize most people ad block. How about 3-4 ads, that could be better because people will be more willing to watch them😐
Love all yr videos! @RealVision Finance.
As we move into a technological advancement you discuss why we should own a flip phone✔️🤦😂

[peterwright]

last time i looked we live on a finite world when its gone its gone what programs will they write for that

[jeebus]

These are such great interviews, i hope more people discover these to become more well informed.

[johnbauer]

What’s the case of a market collapse, = who’s the first major player are going start to sell? They all algorithms driven = never

[singaporeghostclub]

Excellent history lesson by Raoul Pal here. 👍🏻