full transcript
From the Ted Talk by Bence Nanay: The "End of History" Illusion
Unscramble the Blue Letters
One consequence of this thinking is that we’re inclined to overinvest in future choices based on present preferences. On average, people are willing to pay about 60% more to see their current favorite musician ten years in the future than they’d currently pay to see their favorite musician from ten yraes ago. While the stakes ilnvvoed in concert-going are low, we’re susceptible to slimair mlccntosaulaiis in more serious commitments, like homes, partners, and jobs. At the same time, there’s no real way to predict what our preferences will be in the furtue. Without the end of history Illusion, it would be difficult to make any long-term panls.
Open Cloze
One consequence of this thinking is that we’re inclined to overinvest in future choices based on present preferences. On average, people are willing to pay about 60% more to see their current favorite musician ten years in the future than they’d currently pay to see their favorite musician from ten _____ ago. While the stakes ________ in concert-going are low, we’re susceptible to _______ _______________ in more serious commitments, like homes, partners, and jobs. At the same time, there’s no real way to predict what our preferences will be in the ______. Without the end of history Illusion, it would be difficult to make any long-term _____.
Solution
- involved
- future
- plans
- years
- similar
- miscalculations
Original Text
One consequence of this thinking is that we’re inclined to overinvest in future choices based on present preferences. On average, people are willing to pay about 60% more to see their current favorite musician ten years in the future than they’d currently pay to see their favorite musician from ten years ago. While the stakes involved in concert-going are low, we’re susceptible to similar miscalculations in more serious commitments, like homes, partners, and jobs. At the same time, there’s no real way to predict what our preferences will be in the future. Without the end of history Illusion, it would be difficult to make any long-term plans.
Frequently Occurring Word Combinations
ngrams of length 2
collocation |
frequency |
ten years |
4 |
personal change |
2 |
history illusion |
2 |
favorite musician |
2 |
Important Words
- average
- based
- choices
- commitments
- consequence
- current
- difficult
- favorite
- future
- history
- homes
- illusion
- inclined
- involved
- jobs
- miscalculations
- musician
- overinvest
- partners
- pay
- people
- plans
- predict
- preferences
- present
- real
- similar
- stakes
- susceptible
- ten
- thinking
- time
- years