When money isn’t real: the $10,000 experiment | Adam Carroll | TEDxLondonBusinessSchool

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2015-07-09に共有
Adam Carroll talks about his $10,000 Monopoly game with his kids and how to teach finance management in a cashless society.

Adam Carroll is quickly being recognized as one of the top transformational trainers in the country. Having presented at over 500 colleges and Universities nationwide, hundreds of leadership symposiums, and countless local and regional organizations, Adam Carroll’s message of Building A Bigger Life, Not a Bigger Lifestyle has been heard by over 200,000+ people.
In early 2014, Adam successfully crowd-funded a documentary on student loan debt, raising nearly $70,000 in 45 days. The film, Broke Busted & Disgusted is due out in early 2015 and is already garnering critical acclaim. The mission of the film is to start a national debate about changing the way we fund college and not crippling 20 somethings with mountains of debt.
Adam’s core message is we are all after the same thing – to relentlessly pursue our passions, live simply and happily, and make a difference to those around us.

This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx

コメント (21)
  • I remember my daughter growing up, when we told her we were out of money, she said "just go to the ATM and get more."
  • When I was a kid and money was tight for my family my mom and dad sat me and my sister down and gave us monopoly money, how much my dad made in a month. From there mom took money for bills, electric, grocery etc. to show us how little was left for fun things and why we can’t just do whatever we want when we want. Very effective means of teaching.
  • 5 years later, this is more relevant than ever. Who's watching this in 2020?
  • The kids naturally cooperated while seeking to have the most fun.
  • Did his kids play differently because the money was real or because there was a $20 prize? First rule of science: Test one variable at a time.
  • @Cybios
    This is why they use chips in casino's and poker games.
  • @GA_CEO
    I worked at a bank from 24-31 years old. I went from Banker to Market Manager and it wasn't until after I left that I realized my success was due to what my mom had taught me growing up. I entered banking understanding credit, interest rates, savings, and overdrafts. I spent most of my career teaching adults 20-30 years older than me, what all that meant and how it impacted them. I would quit my current job right now to go teach Money 101 in High School or Middle School. Its one of the biggest misses in education.
  • “It’s about educating the next generation to make decisions in a world where money is largely an illusion but has very, very real consequences”
  • This is also very true in stock trading. If i lose $500 on a trade it's a 'no big deal' feeling. But if i were to lose my wallet filled with $500 i'd be pretty upset.
  • great video and couldn't agree more. It is also the exact reason why casinos use chips instead of cash.
  • @mm-ih6um
    Recommended has brought us together See you in 5 years
  • That is what has been bugging me since the last time I watched this video. His experiment contained a fatal flaw. He used the real money instead of the monopoly money, but he ALSO added a $20 prize to the winner. That is 2 significant conditions.
  • Last year I found a wallet on the road. It contained several IDs, but no money. One of the IDs was a corporate card, so I went there and asked for the employee in order to give him his wallet back. The guy was furious. He said that the wallet contained a 20€ bill that was now gone. He didn't accuse me of taking it, but he didn't thank me for bringing him his wallet either - which contained passport, drivers license, health insurance card, credit card, ec card... in total about 150€ if he had to replace all those cards. Abstraction at its best IMO.
  • I'd like to repeat this experiment. Please send me the cash
  • The speaker is not only talking about educating children's financially, he also focuses on how it impacts on the economy of the country.
  • @enosfruit
    this talk becomes more relevant each year that passes by, and it started out being very very important back when it was first published.
  • @005AGIMA
    Interesting. My kids also played a marathon game where they'd buy each other out of dept to keep the game going. The end result? The BANK ran out of money. There's a lesson in that.
  • @sean3533
    I miss these good talks. I don't care much for the "Why we need to rethink the way finger painting is taught in western Somalia and how it is a paradigm shift for humanity." type of talks.
  • He nailed it. Parents are not teaching fiscal responsibility. My parents never did this. Yes, they budgeted their money and never overspent, but they didn’t give me any advice on balancing my check book
  • My parents were never keen on the idea of an allowance, if I ask for something and provide a perfectly logical explanation, they would agree. Although that might sound like the recipe to the problems the video describes, what really kept me away from the path is the fact that my parents would talk to me for at least half an hour every time I spent money without consulting them or the reason is heavily illogical. There was this one time that I spent 99 Chinese cents which at the time was probably around 15 US cents on a mobile game, and that was when my parents explained to me how no matter the amount, always think about the worth before spending the money. It has now been approximately 10 years and I am now in my teenage years, and to be frank, my parents had been recently thinking that I spend too little money as it took them about half a year to convince me to buy a phone. Anyways, I got a little off-topic, great lecture as always!