The real reason you buy insurance may have as much to do with pleasing your psyche as it does protecting your wallet. Behavioral psychologist OritTykocinski explores the connection between insurance and the reality-distorting risks of "magical thinking" that may make you reconsider your own rationale.
If you love watching TED Talks like this one, become a TED Member to support the mission of spreading ideas: ted.com/membership
The TED Talks channel features talks, performances and original series from the world's leading thinkers and doers. Subscribe to the channel for videos on Technology, Entertainment and Design — plus science, business, global issues, the arts and more. Visit TED.com to get the entire library of TED Talks, transcripts, translations, personalized talk recommendations and more.
Watch more: go.ted.com/orittykocinski
For more TEDx talks: youtube.com/playlist?list=PL454A0274C1223C90
TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution–Non Commercial–No Derivatives (or the CC BY – NC – ND 4.0 International) and in accordance with the TED Talks Usage Policy (ted.com/about/our-organization/our-policies-terms/ted-talks-usage-policy). For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request at media-requests.ted.com