(Name) (Instructors' name) (Course) (Date) Paradox of Choice The first major point Barry Schwartz discusses is the official dogma of all the western industrial societies on how to improve social welfare. He states that the best way is by maximizing the people freedom which is done through increasing the number of choices. With freedom we are able to do whatever we think is best to improve the welfare without anybody interfering with our decisions. He compares the world before that had a choice but not everything was a matter of choice like to blame for any decisions we make. Using the same example if I was the power of attorney to a cousin and was asked to consent a lifesaving surgery on him but I declined and he eventually died this guilt would haunt me even leading to my own death. It is also true that redistribution of some of these choices to places where they had little to choose from would benefit us because it would lower amounts of regrets and increase satisfaction. References Schwartz Barry. "The Paradox Of Choice." Ted.Com 2005 https://www.ted.com/talks/barry_schwartz_on_the_paradox_of_choice?language=en#t-75649. [...]
View the TED talk by Dr. Barry Schwartz at: www.ted.com (链接到外部网站。)链接到外部网站。 Prepare a one to two page paper, addressing the following and turn it in on Monday the 6th. • Very briefly summarize the points that Dr. Schwartz makes in the video. • Identify the economic principles and/or theories that Dr. Schwartz discusses. Note that he may not refer to them as economic principles, or call them by the terms we use. List the ways in which he agrees or disagrees with these Economic principles and theories. • In what ways do you agree or disagree with Dr. Schwartz? Explain.