What is Big Think?  

We are Big Idea Hunters…

We live in a time of information abundance, which far too many of us see as information overload. With the sum total of human knowledge, past and present, at our fingertips, we’re faced with a crisis of attention: which ideas should we engage with, and why? Big Think is an evolving roadmap to the best thinking on the planet — the ideas that can help you think flexibly and act decisively in a multivariate world.

A word about Big Ideas and Themes — The architecture of Big Think

Big ideas are lenses for envisioning the future. Every article and video on bigthink.com and on our learning platforms is based on an emerging “big idea” that is significant, widely relevant, and actionable. We’re sifting the noise for the questions and insights that have the power to change all of our lives, for decades to come. For example, reverse-engineering is a big idea in that the concept is increasingly useful across multiple disciplines, from education to nanotechnology.

Themes are the seven broad umbrellas under which we organize the hundreds of big ideas that populate Big Think. They include New World Order, Earth and Beyond, 21st Century Living, Going Mental, Extreme Biology, Power and Influence, and Inventing the Future.

Big Think Features:

12,000+ Expert Videos


Browse videos featuring experts across a wide range of disciplines, from personal health to business leadership to neuroscience.

Watch videos

World Renowned Bloggers


Big Think’s contributors offer expert analysis of the big ideas behind the news.

Go to blogs

Big Think Edge


Big Think’s Edge learning platform for career mentorship and professional development provides engaging and actionable courses delivered by the people who are shaping our future.

Find out more
With rendition switcher


Question: Will the recession change our saving habits?

Dan Ariely: Well, I'm not sure on anything, but I think in the financial domain, we suffered the great blow to our trust and to our relationship with the financial system. Look, we had a very long run of about 25 years. If you think about people who are my age, we never saw a market that was not just getting better all the time. All of a sudden, we got the big lesson about what could actually be happening. So, I think there will be a lesson that will stay with us for a long, long time.

There is another question here, which is what will happen to consumption? There is something economists call "positional goods." Positional good is something you don't care about how much you have, you just want more than the other guy. And as an example, think about sea lions. Sea lions want to be big because if they are big, they get more females. So, imagine in all the sea lions, everybody is trying to get a little bit bigger than the other person, the other sea lion, and in the process, all the sea lions becoming so big that they then die at an early age from all kinds of diseases. And you can see a metaphor for American consumption.

We don't really want a huge house, but we want the house to be slightly bigger than our neighbors, and a car that is bigger than our neighbor’s, and they're going on vacation that's slightly more expensive, and this escalation happens that things got out of hand.

Recently, I went to one of my kids' birthday parties. And you know, all the kids are there and there's this float and a clown, and this, and sushi for the adults and wine and cake and all kinds of stuff is happening. One of the parents came to me and said, “You know, I think we should scale down. I think we should all, the parents, agree to go down to have a simple, fun birthday parties.”

Now, this is exactly the problem. The problem is that the kids don't care what party they have, right? They want cake and they want to run around. Nothing else matters. But in this escalation, all the kids want parties like their friends. So, if all the friends have an amazing, expensive party, they all want the same thing. If we all got to scale down as a coordinated effort, all the kids would have been just as happy.

And I think that's actually an interesting case of whether there will be kind of social mechanisms that will organize people to scale down back. Scaling down individually is very hard. Imagine that if you go to a place where everybody is dressed nicely, and you are the only one who doesn't dress nicely. Everybody goes on vacations to a great place and you go to the Jersey shore. It's very hard to do these things without an organized mechanism, but it looks to me like there might be some organized mechanisms.

Topic: Money talk

Dan Ariely: Another interesting thing that is happening in American society is that people are starting to talk about money. I don't know how you feel about this, but for a long time, nobody was talking about money. It was a secret. And it's kind of very interesting because we do lots of stuff to portray to people about how much money we have, the clothes we wear and the cars we have and the house -- they all kind of depict to other people, signal how much money we make, but we don't talk about it specifically.

And now, there's much more discussion about it. People are willing to say, what are you doing with your money?" What are you saving? What is happening? And I'm actually quite optimistic that these discussions might actually continue because these discussions are about social norms. And once you break the social norm and create a new social norm, all of a sudden it can stay with us for a long time.

Recorded on November 16, 2009

More from the Big Idea for Saturday, November 13 2010


Why Talking About Money Is ...

Newsletter: Share: