Thaler: Won't Know What Happens If Brexit Approved

The video discusses the decision-making process using the analogy of the brain's old and new parts, comparing gut feelings to logical thinking. It explores how gut instincts can be used to persuade people to remain in the EU, emphasizing the uncertainty and potential downsides of leaving. The speaker likens Brexit to a divorce without a prenup, highlighting the risks and uncertainties involved. The discussion also covers the potential economic impacts of Brexit on Europe and other trading partners like Canada and Mexico.

What are the two parts of the brain mentioned in the video, and how do they influence decision-making?

• The old part is logical, and the new part is emotional.

• The old part is emotional, and the new part is logical.

• Both parts are emotional.

• Both parts are logical.

What analogy is used to describe the potential downsides of leaving the EU?

• A road trip without a map

• A vacation without a plan

• A divorce without a prenup

• A business merger without a contract

Why is uncertainty emphasized as a key point in the remain camp's strategy?

• Because people tend to fear uncertainty

• Because uncertainty is a minor issue

• Because uncertainty is easily resolved

• Because people are generally comfortable with uncertainty

What is one potential consequence of the UK leaving the EU, as discussed in the video?

• Improving relationships with Canada and Mexico

• Disrupting Europe's biggest trading partner

• Strengthening the UK's economy

• Enhancing global trade agreements

How might the UK's decision to leave the EU affect its relationship with other countries?

• It would improve relationships with all countries.

• It could harm its trading relationships with major partners.

• It would have no effect on international relationships.

• It would only affect relationships within Europe.