[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.93,0:00:03.57,Default,,0000,0000,0000,,It would be nice to be\Nobjective in life,
Dialogue: 0,0:00:03.57,0:00:05.59,Default,,0000,0000,0000,,in many ways.
Dialogue: 0,0:00:05.59,0:00:08.97,Default,,0000,0000,0000,,The problem is that we have\Nthese color-tinted glasses
Dialogue: 0,0:00:08.97,0:00:13.65,Default,,0000,0000,0000,,as we look at all kinds of situations.
Dialogue: 0,0:00:13.65,0:00:17.37,Default,,0000,0000,0000,,For example, think about\Nsomething as simple as beer.
Dialogue: 0,0:00:17.37,0:00:19.55,Default,,0000,0000,0000,,If I gave you a few beers to taste
Dialogue: 0,0:00:19.55,0:00:23.36,Default,,0000,0000,0000,,and I asked you to rate them\Non intensity and bitterness,
Dialogue: 0,0:00:23.36,0:00:27.05,Default,,0000,0000,0000,,different beers would occupy\Ndifferent space.
Dialogue: 0,0:00:27.05,0:00:29.81,Default,,0000,0000,0000,,But what if we tried\Nto be objective about it?
Dialogue: 0,0:00:29.81,0:00:31.97,Default,,0000,0000,0000,,In the case of beer,\Nit would be very simple.
Dialogue: 0,0:00:31.97,0:00:34.12,Default,,0000,0000,0000,,What if we did a blind taste?
Dialogue: 0,0:00:34.12,0:00:36.85,Default,,0000,0000,0000,,Well, if we did the same thing,\Nyou tasted the same beer,
Dialogue: 0,0:00:36.85,0:00:40.82,Default,,0000,0000,0000,,now in the blind taste,\Nthings would look slightly different.
Dialogue: 0,0:00:40.82,0:00:43.04,Default,,0000,0000,0000,,Most of the beers will go into one place.
Dialogue: 0,0:00:43.04,0:00:45.48,Default,,0000,0000,0000,,You will basically not\Nbe able to distinguish them,
Dialogue: 0,0:00:45.48,0:00:48.57,Default,,0000,0000,0000,,and the exception, of course,\Nwill be Guinness.
Dialogue: 0,0:00:48.57,0:00:50.80,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:00:50.80,0:00:53.59,Default,,0000,0000,0000,,Similarly, we can think about physiology.
Dialogue: 0,0:00:53.59,0:00:56.63,Default,,0000,0000,0000,,What happens when people expect\Nsomething from their physiology?
Dialogue: 0,0:00:56.63,0:00:59.14,Default,,0000,0000,0000,,For example, we sold people\Npain medications.
Dialogue: 0,0:00:59.14,0:01:01.88,Default,,0000,0000,0000,,Some people, we told them\Nthe medications were expensive.
Dialogue: 0,0:01:01.88,0:01:03.76,Default,,0000,0000,0000,,Some people, we told them it was cheap.
Dialogue: 0,0:01:03.76,0:01:06.73,Default,,0000,0000,0000,,And the expensive\Npain medication worked better.
Dialogue: 0,0:01:06.73,0:01:09.28,Default,,0000,0000,0000,,It relieved more pain from people,
Dialogue: 0,0:01:09.28,0:01:12.79,Default,,0000,0000,0000,,because expectations\Ndo change our physiology.
Dialogue: 0,0:01:12.79,0:01:14.85,Default,,0000,0000,0000,,And of course, we all know that in sports,
Dialogue: 0,0:01:14.85,0:01:16.67,Default,,0000,0000,0000,,if you are a fan of a particular team,
Dialogue: 0,0:01:16.67,0:01:19.04,Default,,0000,0000,0000,,you can't help but see the game
Dialogue: 0,0:01:19.04,0:01:22.54,Default,,0000,0000,0000,,develop from the perspective of your team.
Dialogue: 0,0:01:22.54,0:01:26.72,Default,,0000,0000,0000,,So all of those are cases in which\Nour preconceived notions
Dialogue: 0,0:01:26.72,0:01:30.16,Default,,0000,0000,0000,,and our expectations color our world.
Dialogue: 0,0:01:30.16,0:01:33.56,Default,,0000,0000,0000,,But what happened\Nin more important questions?
Dialogue: 0,0:01:33.56,0:01:37.11,Default,,0000,0000,0000,,What happened with questions\Nthat had to do with social justice?
Dialogue: 0,0:01:37.11,0:01:40.52,Default,,0000,0000,0000,,So we wanted to think about\Nwhat is the blind tasting version
Dialogue: 0,0:01:40.52,0:01:43.58,Default,,0000,0000,0000,,for thinking about inequality?
Dialogue: 0,0:01:43.58,0:01:45.88,Default,,0000,0000,0000,,So we started looking at inequality,
Dialogue: 0,0:01:45.88,0:01:47.83,Default,,0000,0000,0000,,and we did some large-scale surveys
Dialogue: 0,0:01:47.83,0:01:50.38,Default,,0000,0000,0000,,around the U.S. and other countries.
Dialogue: 0,0:01:50.38,0:01:52.34,Default,,0000,0000,0000,,So we asked two questions:
Dialogue: 0,0:01:52.34,0:01:55.70,Default,,0000,0000,0000,,Do people know what kind of\Nlevel of inequality we have?
Dialogue: 0,0:01:55.70,0:01:59.81,Default,,0000,0000,0000,,And then, what level of inequality\Ndo we want to have?
Dialogue: 0,0:01:59.81,0:02:02.23,Default,,0000,0000,0000,,So let's think about the first question.
Dialogue: 0,0:02:02.23,0:02:04.34,Default,,0000,0000,0000,,Imagine I took all the people in the U.S.
Dialogue: 0,0:02:04.34,0:02:07.26,Default,,0000,0000,0000,,and I sorted them from\Nthe poorest on the right
Dialogue: 0,0:02:07.26,0:02:09.66,Default,,0000,0000,0000,,to the richest on the left,
Dialogue: 0,0:02:09.66,0:02:12.32,Default,,0000,0000,0000,,and then I divided them into five buckets:
Dialogue: 0,0:02:12.32,0:02:14.62,Default,,0000,0000,0000,,the poorest 20 percent,\Nthe next 20 percent,
Dialogue: 0,0:02:14.62,0:02:17.47,Default,,0000,0000,0000,,the next, the next,\Nand the richest 20 percent.
Dialogue: 0,0:02:17.47,0:02:20.47,Default,,0000,0000,0000,,And then I asked you to tell me\Nhow much wealth do you think
Dialogue: 0,0:02:20.47,0:02:23.42,Default,,0000,0000,0000,,is concentrated in each of those buckets.
Dialogue: 0,0:02:23.42,0:02:25.88,Default,,0000,0000,0000,,So to make it simpler,\Nimagine I ask you to tell me,
Dialogue: 0,0:02:25.88,0:02:28.14,Default,,0000,0000,0000,,how much wealth do you think\Nis concentrated
Dialogue: 0,0:02:28.14,0:02:30.40,Default,,0000,0000,0000,,in the bottom two buckets,
Dialogue: 0,0:02:30.40,0:02:32.66,Default,,0000,0000,0000,,the bottom 40 percent?
Dialogue: 0,0:02:32.66,0:02:35.35,Default,,0000,0000,0000,,Take a second. Think about it\Nand have a number.
Dialogue: 0,0:02:35.35,0:02:37.26,Default,,0000,0000,0000,,Usually we don't think.
Dialogue: 0,0:02:37.26,0:02:39.74,Default,,0000,0000,0000,,Think for a second,\Nhave a real number in your mind.
Dialogue: 0,0:02:39.74,0:02:41.36,Default,,0000,0000,0000,,You have it?
Dialogue: 0,0:02:41.36,0:02:44.43,Default,,0000,0000,0000,,Okay, here's what lots\Nof Americans tell us.
Dialogue: 0,0:02:44.43,0:02:46.36,Default,,0000,0000,0000,,They think that the bottom 20 percent
Dialogue: 0,0:02:46.36,0:02:48.68,Default,,0000,0000,0000,,has about 2.9 percent of the wealth,
Dialogue: 0,0:02:48.68,0:02:50.86,Default,,0000,0000,0000,,the next group has 6.4,
Dialogue: 0,0:02:50.86,0:02:53.37,Default,,0000,0000,0000,,so together it's slightly more than nine.
Dialogue: 0,0:02:53.37,0:02:56.78,Default,,0000,0000,0000,,The next group, they say, has 12 percent,
Dialogue: 0,0:02:56.78,0:02:58.43,Default,,0000,0000,0000,,20 percent,
Dialogue: 0,0:02:58.43,0:03:03.08,Default,,0000,0000,0000,,and the richest 20 percent, people think\Nhas 58 percent of the wealth.
Dialogue: 0,0:03:03.08,0:03:06.21,Default,,0000,0000,0000,,You can see how this relates\Nto what you thought.
Dialogue: 0,0:03:06.21,0:03:07.95,Default,,0000,0000,0000,,Now, what's reality?
Dialogue: 0,0:03:07.95,0:03:09.76,Default,,0000,0000,0000,,Reality is slightly different.
Dialogue: 0,0:03:09.76,0:03:13.58,Default,,0000,0000,0000,,The bottom 20 percent\Nhas 0.1 percent of the wealth.
Dialogue: 0,0:03:13.58,0:03:16.83,Default,,0000,0000,0000,,The next 20 percent\Nhas 0.2 percent of the wealth.
Dialogue: 0,0:03:16.83,0:03:18.94,Default,,0000,0000,0000,,Together, it's 0.3.
Dialogue: 0,0:03:18.94,0:03:22.47,Default,,0000,0000,0000,,The next group has 3.9,
Dialogue: 0,0:03:22.47,0:03:24.65,Default,,0000,0000,0000,,11.3,
Dialogue: 0,0:03:24.65,0:03:30.39,Default,,0000,0000,0000,,and the richest group\Nhas 84-85 percent of the wealth.
Dialogue: 0,0:03:30.39,0:03:33.36,Default,,0000,0000,0000,,So what we actually have\Nand what we think we have
Dialogue: 0,0:03:33.36,0:03:35.33,Default,,0000,0000,0000,,are very different.
Dialogue: 0,0:03:35.33,0:03:37.42,Default,,0000,0000,0000,,What about what we want?
Dialogue: 0,0:03:37.42,0:03:39.42,Default,,0000,0000,0000,,How do we even figure this out?
Dialogue: 0,0:03:39.42,0:03:40.83,Default,,0000,0000,0000,,So to look at this,
Dialogue: 0,0:03:40.83,0:03:42.41,Default,,0000,0000,0000,,to look at what we really want,
Dialogue: 0,0:03:42.41,0:03:45.47,Default,,0000,0000,0000,,we thought about\Nthe philosopher John Rawls.
Dialogue: 0,0:03:45.47,0:03:47.31,Default,,0000,0000,0000,,If you remember John Rawls,
Dialogue: 0,0:03:47.31,0:03:50.56,Default,,0000,0000,0000,,he had this notion\Nof what's a just society.
Dialogue: 0,0:03:50.56,0:03:52.04,Default,,0000,0000,0000,,He said a just society
Dialogue: 0,0:03:52.04,0:03:54.75,Default,,0000,0000,0000,,is a society that if\Nyou knew everything about it,
Dialogue: 0,0:03:54.75,0:03:57.19,Default,,0000,0000,0000,,you would be willing\Nto enter it in a random place.
Dialogue: 0,0:03:57.19,0:03:58.71,Default,,0000,0000,0000,,And it's a beautiful definition,
Dialogue: 0,0:03:58.71,0:04:01.19,Default,,0000,0000,0000,,because if you're wealthy,\Nyou might want the wealthy
Dialogue: 0,0:04:01.19,0:04:03.23,Default,,0000,0000,0000,,to have more money, the poor to have less.
Dialogue: 0,0:04:03.23,0:04:05.34,Default,,0000,0000,0000,,If you're poor, you might\Nwant more equality.
Dialogue: 0,0:04:05.34,0:04:07.34,Default,,0000,0000,0000,,But if you're going\Nto go into that society
Dialogue: 0,0:04:07.34,0:04:10.66,Default,,0000,0000,0000,,in every possible situation,\Nand you don't know,
Dialogue: 0,0:04:10.66,0:04:12.86,Default,,0000,0000,0000,,you have to consider all the aspects.
Dialogue: 0,0:04:12.86,0:04:15.79,Default,,0000,0000,0000,,It's a little bit like blind tasting\Nin which you don't know
Dialogue: 0,0:04:15.79,0:04:18.46,Default,,0000,0000,0000,,what the outcome will be\Nwhen you make a decision,
Dialogue: 0,0:04:18.46,0:04:22.18,Default,,0000,0000,0000,,and Rawls called this\Nthe "veil of ignorance."
Dialogue: 0,0:04:22.18,0:04:25.78,Default,,0000,0000,0000,,So, we took another group,\Na large group of Americans,
Dialogue: 0,0:04:25.78,0:04:28.54,Default,,0000,0000,0000,,and we asked them the question\Nin the veil of ignorance.
Dialogue: 0,0:04:28.54,0:04:32.65,Default,,0000,0000,0000,,What are the characteristics of a country\Nthat would make you want to join it,
Dialogue: 0,0:04:32.65,0:04:35.81,Default,,0000,0000,0000,,knowing that you could end\Nrandomly at any place?
Dialogue: 0,0:04:35.81,0:04:37.28,Default,,0000,0000,0000,,And here is what we got.
Dialogue: 0,0:04:37.28,0:04:39.54,Default,,0000,0000,0000,,What did people want to give\Nto the first group,
Dialogue: 0,0:04:39.54,0:04:41.73,Default,,0000,0000,0000,,the bottom 20 percent?
Dialogue: 0,0:04:41.73,0:04:44.42,Default,,0000,0000,0000,,They wanted to give them\Nabout 10 percent of the wealth.
Dialogue: 0,0:04:44.42,0:04:47.02,Default,,0000,0000,0000,,The next group, 14 percent of the wealth,
Dialogue: 0,0:04:47.02,0:04:52.38,Default,,0000,0000,0000,,21, 22 and 32.
Dialogue: 0,0:04:52.38,0:04:55.89,Default,,0000,0000,0000,,Now, nobody in our sample\Nwanted full equality.
Dialogue: 0,0:04:55.89,0:05:00.32,Default,,0000,0000,0000,,Nobody thought that socialism\Nis a fantastic idea in our sample.
Dialogue: 0,0:05:00.32,0:05:01.61,Default,,0000,0000,0000,,But what does it mean?\N
Dialogue: 0,0:05:01.61,0:05:03.65,Default,,0000,0000,0000,,It means that we have this knowledge gap
Dialogue: 0,0:05:03.65,0:05:06.31,Default,,0000,0000,0000,,between what we have\Nand what we think we have,
Dialogue: 0,0:05:06.31,0:05:10.02,Default,,0000,0000,0000,,but we have at least as big a gap\Nbetween what we think is right
Dialogue: 0,0:05:10.02,0:05:12.82,Default,,0000,0000,0000,,to what we think we have.
Dialogue: 0,0:05:12.82,0:05:16.01,Default,,0000,0000,0000,,Now, we can ask these questions,\Nby the way, not just about wealth.
Dialogue: 0,0:05:16.01,0:05:18.43,Default,,0000,0000,0000,,We can ask it about other things as well.
Dialogue: 0,0:05:18.43,0:05:22.63,Default,,0000,0000,0000,,So for example, we asked people\Nfrom different parts of the world
Dialogue: 0,0:05:22.63,0:05:24.35,Default,,0000,0000,0000,,about this question,
Dialogue: 0,0:05:24.35,0:05:26.69,Default,,0000,0000,0000,,people who are liberals and conservatives,
Dialogue: 0,0:05:26.69,0:05:28.74,Default,,0000,0000,0000,,and they gave us basically \Nthe same answer.
Dialogue: 0,0:05:28.74,0:05:31.22,Default,,0000,0000,0000,,We asked rich and poor,\Nthey gave us the same answer,
Dialogue: 0,0:05:31.22,0:05:32.52,Default,,0000,0000,0000,,men and women,
Dialogue: 0,0:05:32.52,0:05:35.21,Default,,0000,0000,0000,,NPR listeners and Forbes readers.
Dialogue: 0,0:05:35.21,0:05:38.44,Default,,0000,0000,0000,,We asked people in England,\NAustralia, the U.S. --
Dialogue: 0,0:05:38.44,0:05:40.16,Default,,0000,0000,0000,,very similar answers.
Dialogue: 0,0:05:40.16,0:05:42.93,Default,,0000,0000,0000,,We even asked different\Ndepartments of a university.
Dialogue: 0,0:05:42.93,0:05:45.69,Default,,0000,0000,0000,,We went to Harvard and we checked\Nalmost every department,
Dialogue: 0,0:05:45.69,0:05:47.70,Default,,0000,0000,0000,,and in fact, from Harvard Business School,
Dialogue: 0,0:05:47.70,0:05:51.41,Default,,0000,0000,0000,,where a few people wanted the wealthy\Nto have more and the [poor] to have less,
Dialogue: 0,0:05:51.41,0:05:53.95,Default,,0000,0000,0000,,the similarity was astonishing.
Dialogue: 0,0:05:53.95,0:05:56.77,Default,,0000,0000,0000,,I know some of you went\Nto Harvard Business School.
Dialogue: 0,0:05:56.77,0:06:00.12,Default,,0000,0000,0000,,We also asked this question\Nabout something else.
Dialogue: 0,0:06:00.12,0:06:05.09,Default,,0000,0000,0000,,We asked, what about the ratio\Nof CEO pay to unskilled workers?
Dialogue: 0,0:06:05.09,0:06:08.25,Default,,0000,0000,0000,,So you can see what\Npeople think is the ratio,
Dialogue: 0,0:06:08.25,0:06:12.15,Default,,0000,0000,0000,,and then we can ask the question,\Nwhat do they think should be the ratio?
Dialogue: 0,0:06:12.15,0:06:14.77,Default,,0000,0000,0000,,And then we can ask, what is reality?
Dialogue: 0,0:06:14.77,0:06:18.05,Default,,0000,0000,0000,,What is reality? And you could say,\Nwell, it's not that bad, right?
Dialogue: 0,0:06:18.05,0:06:20.20,Default,,0000,0000,0000,,The red and the yellow\Nare not that different.
Dialogue: 0,0:06:20.20,0:06:24.12,Default,,0000,0000,0000,,But the fact is, it's because\NI didn't draw them on the same scale.
Dialogue: 0,0:06:26.10,0:06:30.02,Default,,0000,0000,0000,,It's hard to see, there's yellow\Nand blue in there.
Dialogue: 0,0:06:30.02,0:06:32.36,Default,,0000,0000,0000,,So what about other outcomes of wealth?
Dialogue: 0,0:06:32.36,0:06:34.06,Default,,0000,0000,0000,,Wealth is not just about wealth.
Dialogue: 0,0:06:34.06,0:06:36.68,Default,,0000,0000,0000,,We asked, what about things like health?
Dialogue: 0,0:06:36.68,0:06:40.81,Default,,0000,0000,0000,,What about availability\Nof prescription medication?
Dialogue: 0,0:06:40.81,0:06:42.83,Default,,0000,0000,0000,,What about life expectancy?
Dialogue: 0,0:06:42.83,0:06:45.25,Default,,0000,0000,0000,,What about life expectancy of infants?
Dialogue: 0,0:06:45.25,0:06:47.59,Default,,0000,0000,0000,,How do we want this to be distributed?
Dialogue: 0,0:06:47.59,0:06:50.40,Default,,0000,0000,0000,,What about education for young people?
Dialogue: 0,0:06:50.40,0:06:52.27,Default,,0000,0000,0000,,And for older people?
Dialogue: 0,0:06:52.27,0:06:55.25,Default,,0000,0000,0000,,And across all of those things,\Nwhat we learned was that people
Dialogue: 0,0:06:55.25,0:06:58.41,Default,,0000,0000,0000,,don't like inequality of wealth,
Dialogue: 0,0:06:58.41,0:07:01.92,Default,,0000,0000,0000,,but there's other things where inequality,\Nwhich is an outcome of wealth,
Dialogue: 0,0:07:01.92,0:07:03.96,Default,,0000,0000,0000,,is even more aversive to them:
Dialogue: 0,0:07:03.96,0:07:07.93,Default,,0000,0000,0000,,for example, inequality\Nin health or education.
Dialogue: 0,0:07:07.93,0:07:10.39,Default,,0000,0000,0000,,We also learned that people\Nare particularly open
Dialogue: 0,0:07:10.39,0:07:12.95,Default,,0000,0000,0000,,to changes in equality\Nwhen it comes to people
Dialogue: 0,0:07:12.95,0:07:14.99,Default,,0000,0000,0000,,who have less agency --
Dialogue: 0,0:07:14.99,0:07:17.34,Default,,0000,0000,0000,,basically, young kids and babies,
Dialogue: 0,0:07:17.34,0:07:22.00,Default,,0000,0000,0000,,because we don't think of them\Nas responsible for their situation.
Dialogue: 0,0:07:22.00,0:07:24.35,Default,,0000,0000,0000,,So what are some lessons from this?
Dialogue: 0,0:07:24.35,0:07:25.51,Default,,0000,0000,0000,,We have two gaps:
Dialogue: 0,0:07:25.51,0:07:28.09,Default,,0000,0000,0000,,We have a knowledge gap\Nand we have a desirability gap
Dialogue: 0,0:07:28.09,0:07:30.71,Default,,0000,0000,0000,,And the knowledge gap\Nis something that we think about,
Dialogue: 0,0:07:30.71,0:07:32.08,Default,,0000,0000,0000,,how do we educate people?
Dialogue: 0,0:07:32.08,0:07:34.80,Default,,0000,0000,0000,,How do we get people to think\Ndifferently about inequality
Dialogue: 0,0:07:34.80,0:07:38.56,Default,,0000,0000,0000,,and the consequences of inequality\Nin terms of health, education,
Dialogue: 0,0:07:38.56,0:07:40.95,Default,,0000,0000,0000,,jealousy, crime rate, and so on?
Dialogue: 0,0:07:40.95,0:07:42.83,Default,,0000,0000,0000,,Then we have the desirability gap.
Dialogue: 0,0:07:42.83,0:07:46.65,Default,,0000,0000,0000,,How do we get people to think differently\Nabout what we really want?
Dialogue: 0,0:07:46.65,0:07:50.03,Default,,0000,0000,0000,,You see, the Rawls definition,\Nthe Rawls way of looking at the world,
Dialogue: 0,0:07:50.03,0:07:51.77,Default,,0000,0000,0000,,the blind tasting approach,
Dialogue: 0,0:07:51.77,0:07:54.70,Default,,0000,0000,0000,,takes our selfish motivation\Nout of the picture.
Dialogue: 0,0:07:54.70,0:07:57.27,Default,,0000,0000,0000,,How do we implement that\Nto a higher degree
Dialogue: 0,0:07:57.27,0:07:59.90,Default,,0000,0000,0000,,on a more extensive scale?
Dialogue: 0,0:07:59.90,0:08:02.75,Default,,0000,0000,0000,,And finally, we also have an action gap.
Dialogue: 0,0:08:02.75,0:08:05.70,Default,,0000,0000,0000,,How do we take these things\Nand actually do something about it?
Dialogue: 0,0:08:05.70,0:08:08.60,Default,,0000,0000,0000,,I think part of the answer\Nis to think about people
Dialogue: 0,0:08:08.60,0:08:11.72,Default,,0000,0000,0000,,like young kids and babies\Nthat don't have much agency,
Dialogue: 0,0:08:11.72,0:08:15.52,Default,,0000,0000,0000,,because people seem to be\Nmore willing to do this.
Dialogue: 0,0:08:15.52,0:08:20.79,Default,,0000,0000,0000,,To summarize, I would say,\Nnext time you go to drink beer or wine,
Dialogue: 0,0:08:20.79,0:08:24.88,Default,,0000,0000,0000,,first of all, think about, what is it\Nin your experience that is real,
Dialogue: 0,0:08:24.88,0:08:28.15,Default,,0000,0000,0000,,and what is it in your experience\Nthat is a placebo effect
Dialogue: 0,0:08:28.15,0:08:29.76,Default,,0000,0000,0000,,coming from expectations?
Dialogue: 0,0:08:29.76,0:08:33.29,Default,,0000,0000,0000,,And then think about what it also means\Nfor other decisions in your life,
Dialogue: 0,0:08:33.29,0:08:35.36,Default,,0000,0000,0000,,and hopefully also for policy questions\N
Dialogue: 0,0:08:35.36,0:08:36.67,Default,,0000,0000,0000,,that affect all of us.
Dialogue: 0,0:08:36.67,0:08:38.39,Default,,0000,0000,0000,,Thanks a lot.
Dialogue: 0,0:08:38.39,0:08:40.73,Default,,0000,0000,0000,,(Applause)