WEBVTT - Ep10 rebroadcast "Why is it so hard to spot a counterfeit bill?"

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<v Speaker 1>Hi, this is David Eagleman. I want to wish you

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<v Speaker 1>a very happy holidays. We're going to take a break

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<v Speaker 1>for a couple of weeks, and then we're back in

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<v Speaker 1>January with new episodes on emotion intelligence, time perception, smell

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<v Speaker 1>and taste, brain, computer interfaces, and much more. In the meantime,

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<v Speaker 1>we're going to replay one of our favorite episodes from

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<v Speaker 1>the past year, and I'll look forward to seeing you

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<v Speaker 1>in January. What do counterfeit bills have to do with brains?

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<v Speaker 1>And why is it so hard for you to recognize

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<v Speaker 1>a real penny? And what does this have to do

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<v Speaker 1>with the building on the fifty euro bill recently getting

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<v Speaker 1>replaced with the face of the goddess Europa And what

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<v Speaker 1>did I have to do with that? And why did

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<v Speaker 1>I campaign to the European Central Bank that all bills

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<v Speaker 1>should be blank with a single hologram in the middle.

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<v Speaker 1>Welcome to intercouse with me, David Eagleman. I'm a neuroscientist,

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<v Speaker 1>and you might wonder how a neuroscientist got involved in

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<v Speaker 1>studying counterfeit money. Well, hangtight, because in this episode we're

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<v Speaker 1>going to see how all these issues intersect. One of

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<v Speaker 1>the most pervasive mistakes that we make is believing that

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<v Speaker 1>our visual systems give us a faithful representation of what's

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<v Speaker 1>out there. We think of our vision the way we

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<v Speaker 1>think of a movie camera, like it's just capturing the

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<v Speaker 1>information from the world. But there are a whole bunch

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<v Speaker 1>of simple demonstrations that can quickly disabuse you of this notion.

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<v Speaker 1>For example, imagine that I show you two pictures. I

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<v Speaker 1>flash one, then it goes off, Then the second one

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<v Speaker 1>comes on, then it goes off, then the first one

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<v Speaker 1>comes back on, and so on. So it alternates between

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<v Speaker 1>pictures A and B, and it looks like it's the

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<v Speaker 1>same picture. But let's say I let you know that

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<v Speaker 1>there is a difference between the pictures, and your job

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<v Speaker 1>is simply to spot the difference. Well, if you've ever

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<v Speaker 1>played these sorts of games before, you know how surprisingly

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<v Speaker 1>difficult it can be to tell the difference between them.

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<v Speaker 1>It turns out that we are really blind to changes

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<v Speaker 1>in the scene, and these can be quite large changes.

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<v Speaker 1>So you might have a big statue that's present in

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<v Speaker 1>the background of one photo and not the other, or

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<v Speaker 1>a jeep or an airplane, and the difference goes unseen.

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<v Speaker 1>You can see some demos of this at Eagleman dot

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<v Speaker 1>com Slash podcast.

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<v Speaker 2>So what happens is.

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<v Speaker 1>That your attention slowly crawls over the photograph and you

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<v Speaker 1>analyze the interesting landmarks until you finally detect what is changing.

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<v Speaker 1>And once your brain has latched on to the appropriate object,

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<v Speaker 1>then the change is trivial to see. But this happens

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<v Speaker 1>only after a pretty exhaustive inspection. This is what's known

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<v Speaker 1>as change blindness, and it highlights the importance of attention,

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<v Speaker 1>which is to say, to see an object change, you

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<v Speaker 1>have to attend to it. And what an experiment like

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<v Speaker 1>this surface is is that you're not actually seeing the

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<v Speaker 1>world with the rich detail that you implicitly believed you were.

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<v Speaker 1>In fact, you're not aware of most of what's hitting

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<v Speaker 1>your eyes. So imagine you're watching a short film with

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<v Speaker 1>a single actor in it.

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<v Speaker 2>He's cooking an omelet.

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<v Speaker 1>And the camera cuts to a different angle as the

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<v Speaker 1>actor continues his cooking. Surely you would notice if the

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<v Speaker 1>actor changed into a different person, right, But in studies,

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<v Speaker 1>two thirds of observers don't. In one really astonishing demonstration

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<v Speaker 1>of change blindness, random pedestrians in a courtyard were stopped

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<v Speaker 1>by an experimenter, and they were asked for directions, so

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<v Speaker 1>they start giving directions, and at some point, as the

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<v Speaker 1>unsuspecting person is in the middle of explaining this, workmen

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<v Speaker 1>carrying a door walk right in between the two people,

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<v Speaker 1>and unbeknownst to the pedestrian, the experimenter is stealthily replaced

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<v Speaker 1>by a confederate who's been hiding behind the door. So

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<v Speaker 1>the people are swapped, and after the door passes, a

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<v Speaker 1>new person is standing there, and the majority of subjects

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<v Speaker 1>continue giving directions without noticing that the person they were

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<v Speaker 1>talking to is not the same one that they were

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<v Speaker 1>talking to. In other words, they were only encoding small

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<v Speaker 1>amounts of the information that was hitting their eyes. The

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<v Speaker 1>rest was assumption. Now, neuroscientists weren't the first to discover

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<v Speaker 1>that placing your eyes on something is no guarantee of

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<v Speaker 1>seeing it. Magicians figured this out long ago, and they

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<v Speaker 1>perfected ways of leveraging this knowledge. So by directing your attention,

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<v Speaker 1>magicians perform sleight of hand in full view. Their actions.

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<v Speaker 1>Their hand motions should give away the game, but they

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<v Speaker 1>can rest assured that your brain processes only small bits

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<v Speaker 1>of the visual scene. It's not everything that's hitting your retinas.

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<v Speaker 1>And by the way, this limitation of our vision helps

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<v Speaker 1>to explain the colossal number of traffic accidents in which

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<v Speaker 1>drivers will hit pedestrians who are in plane view, or

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<v Speaker 1>they'll collide with cars that are right in front of them.

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<v Speaker 1>Sometimes you'll even see stories where a car intersects with

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<v Speaker 1>a train on the track. In some of these cases,

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<v Speaker 1>the eyes are in the right place, but the brain

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<v Speaker 1>isn't registering the stimulus. Vision is more than looking now.

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<v Speaker 1>This is all an example of a larger point, which

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<v Speaker 1>is that we're not generally aware of what's going on

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<v Speaker 1>until we ask the question. So, for example, what is

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<v Speaker 1>the position of your tongue in your mouth right now?

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<v Speaker 2>Once you're asked the question, you can answer it, but.

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<v Speaker 1>Presumably you weren't aware of the answer until I asked

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<v Speaker 1>the question. Why does the brain work this way because

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<v Speaker 1>your brain generally doesn't need to know most things. It

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<v Speaker 1>simply needs to know how to go out and retrieve

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<v Speaker 1>the data when it needs it. It perceives things on

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<v Speaker 1>a need to know basis. You don't continuously track the

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<v Speaker 1>position of your tongue in your consciousness because that knowledge

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<v Speaker 1>is only useful in rare circumstances. So again, you're not

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<v Speaker 1>aware of much of anything until you ask yourself about it.

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<v Speaker 2>What does your left shoe feel like on your foot

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<v Speaker 2>right now? Pit?

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<v Speaker 1>Which is the hum of the air conditioner in the background.

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<v Speaker 1>Just like with change blindness, we are unaware of most

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<v Speaker 1>of what should be obvious to our senses. It's only

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<v Speaker 1>after we deploy our attention onto small bits of the

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<v Speaker 1>scene that we become aware of what we were missing,

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<v Speaker 1>And before we engage our attention, we're typically not aware

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<v Speaker 1>that we're not aware of those details. So not only

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<v Speaker 1>is our perception of the world a construction that doesn't

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<v Speaker 1>accurately represent the outside, it's weirder than that because we

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<v Speaker 1>have the false impression of a full, rich picture, when

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<v Speaker 1>in fact, we only see what we need to know

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<v Speaker 1>and what we ask questions about, and we don't see

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<v Speaker 1>anything more than that. Now, this is a topic I'm

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<v Speaker 1>going to return to in many episodes, but for now

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<v Speaker 1>I want to ask what this has to do with

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<v Speaker 1>the economic currencies on this planet. So the scene is Lima, Peru,

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<v Speaker 1>a little before dawn. There's a bunch of houses and buildings,

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<v Speaker 1>and suddenly fifteen hundred Peruvian police officers and US Secret

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<v Speaker 1>Service agents stormed the doors. This was called Operation Sunset,

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<v Speaker 1>and it was the finale of a long running investigation

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<v Speaker 1>aimed at reducing the flow of counterfeit US dollars from Peru.

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<v Speaker 1>They brought down six plants that had presses and plates

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<v Speaker 1>and negatives and piles of fake one hundred dollars bills.

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<v Speaker 1>And in just the past few years, counterfeit notes worth

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<v Speaker 1>more than seventy five million dollars have been confiscated in Peru.

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<v Speaker 1>And this is just one of lots of countries where

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<v Speaker 1>you have fraudsters who are cooking up fake dollars. And

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<v Speaker 1>it's essentially impossible to estimate the volume of counterfeit banknotes

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<v Speaker 1>passing through the US economy.

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<v Speaker 2>What you find is that the alreadies claim they've.

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<v Speaker 1>Captured most of the fakes, and the counterfeitters claim exactly

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<v Speaker 1>the opposite. Anyhow, counterfeiting is a problem that faces every

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<v Speaker 1>major player in the currency game. Russia seizes counterfeits in

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<v Speaker 1>the range of two hundred million rubles per year. China

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<v Speaker 1>captures five hundred million fake yuan. A few years ago,

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<v Speaker 1>India terminated their five hundred and one thousand rupee notes,

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<v Speaker 1>and this was at least partially because of the rising

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<v Speaker 1>concern about forgeries and their inability to stem that. In Venezuela,

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<v Speaker 1>the inflation was so bad that it became worthwhile for

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<v Speaker 1>fraudsters to bleach the ten bole of our bill and

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<v Speaker 1>use the paper to forge notes in other currencies. So

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<v Speaker 1>it turns out there are counterfeiters everywhere, and they're busy

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<v Speaker 1>pushing fake banknotes into streets and squares in every major city.

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<v Speaker 1>You may wonder how I came to care about counterfeits,

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<v Speaker 1>given that I'm a neuroscientist. Well, what happened is some

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<v Speaker 1>years ago I was giving a presentation at a brain

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<v Speaker 1>science conference, and afterwards I was approached by this guy

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<v Speaker 1>and we started talking, and I was surprised to learn

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<v Speaker 1>that he was working for the European Central Bank. And

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<v Speaker 1>I was surprised because it wasn't clear to me why

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<v Speaker 1>someone like that would be at a highly academic neuroscience conference.

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<v Speaker 1>As it turns out, his job was to find a

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<v Speaker 1>solution to Europe's counterfeiting problem. Their problem was that the

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<v Speaker 1>EU comes across hundreds of thousands of fake euro banknotes

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<v Speaker 1>every year, mostly in the form of twenties and fifties.

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<v Speaker 1>At the heart of the issue is the fact that

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<v Speaker 1>governments spend millions creating security features. So while we're talking,

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<v Speaker 1>take out a twenty dollars bill, or whatever country you're in,

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<v Speaker 1>take out a high value bill.

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<v Speaker 2>They all have similar security features.

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<v Speaker 1>Now, if you look at it, you'll see that as

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<v Speaker 1>you tilt the note slightly back and forth, there's color

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<v Speaker 1>changing ink. So the color changes here of let's say

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<v Speaker 1>the twenty and now if you hold this up to

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<v Speaker 1>the light, what you'll see is a water mark that's

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<v Speaker 1>otherwise invisible to you. You can't see it normally, and

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<v Speaker 1>it's not printed on the front or the back, but

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<v Speaker 1>it's printed on an intermediate layer and on euros, and

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<v Speaker 1>actually on the one hundred dollars bill, what you see

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<v Speaker 1>are holograms. So when you angle this and change this,

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<v Speaker 1>it moves around slightly and appears to be three D.

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<v Speaker 1>And you'll also see colored strips that display the value.

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<v Speaker 2>Of the note.

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<v Speaker 1>And if you happen to have an ultraviolet light, turn

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<v Speaker 1>that on and hold the bill under it, and you'll

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<v Speaker 1>see that the bill turns very colorful. You've got all

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<v Speaker 1>these invisible fibers in it that fluoresce under ultraviolet. So

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<v Speaker 1>a piece of currency is a bustling collection of security devices.

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<v Speaker 1>The problem is that no one pays attention to these

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<v Speaker 1>security devices. People who pass notes around in daily transactions

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<v Speaker 1>don't typically pause to examine them carefully. The special ink,

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<v Speaker 1>the watermark, the strip, the fibers, the hologram. These are

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<v Speaker 1>very expensive security features and they are a totally wasted

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<v Speaker 1>effort because counterfeit bills get passed from person to person

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<v Speaker 1>and no one ever notices these or notices if they

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<v Speaker 1>are badly rendered. Do you know how counterfeit bills almost

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<v Speaker 1>always are found at the bank And that's because real

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<v Speaker 1>notes have one more feature. They have machine readable code

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<v Speaker 1>in the bill. Counterfeitters can do a good job making

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<v Speaker 1>a counterfeit, but they can't make the machine readable code,

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<v Speaker 1>and that's why the bank catches those. But the counterfeitters

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<v Speaker 1>don't need to do that because their bills get passed

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<v Speaker 1>around and no one ever notices. And this problem of

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<v Speaker 1>inattention led the European Central Bank to explore a simple question,

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<v Speaker 1>could banknotes be better designed so that the person on

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<v Speaker 1>the street would be more likely to notice when something

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<v Speaker 1>was a miss? And for that they finally started to

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<v Speaker 1>think about neuroscience, and that's how I got involved because

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<v Speaker 1>as our understanding of the brain has developed over recent decades,

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<v Speaker 1>neuroscience has forged insights into a range of fields, from

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<v Speaker 1>early education to consumer behavior to government policy, and modern

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<v Speaker 1>brain science has wide ranging applications, particularly when it comes

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<v Speaker 1>to under standing the ways in which our perceptions of.

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<v Speaker 2>The world are inaccurate.

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<v Speaker 1>In the case of banknotes, the questions were straightforward, what

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<v Speaker 1>details do we notice or not notice? And why? What

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<v Speaker 1>features could be better designed to be brain compatible. Of

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<v Speaker 1>all the anti counterfeiting measures that the government takes, which ones.

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<v Speaker 2>Work and how could their efforts be better spent.

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<v Speaker 1>So the man at the conference eventually contracted with me

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<v Speaker 1>to help them figure out the question how should Europe

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<v Speaker 1>redesign their bills? So we signed a bunch of security

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<v Speaker 1>documents and then I flew to the headquarters of the

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<v Speaker 1>European Central Bank in Frankfurt, Germany. Now this was very

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<v Speaker 1>cool because although the building was just a boring government building, I.

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<v Speaker 2>Was beeped through a badge protected.

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<v Speaker 1>Door, and then another, and then another, and we finally

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<v Speaker 1>arrived at this small inner room at the heart of

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<v Speaker 1>the building, and there were all these piles of money

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<v Speaker 1>of euros, mostly twenties and fifties, and.

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<v Speaker 2>They were all counterfeit.

0:15:06.200 --> 0:15:10.160
<v Speaker 1>Each pile had some feature that distinguished it, whether that

0:15:10.360 --> 0:15:13.360
<v Speaker 1>was the way they had done the shiny foil or

0:15:13.360 --> 0:15:15.960
<v Speaker 1>the way they had done the watermarks or whatever. And

0:15:16.000 --> 0:15:19.360
<v Speaker 1>this is how the bank arranged them. Now, many of

0:15:19.400 --> 0:15:23.480
<v Speaker 1>these forgeries were quite good. If you weren't paying super

0:15:23.480 --> 0:15:26.680
<v Speaker 1>close attention, the kind of attention no one ever really

0:15:26.760 --> 0:15:29.800
<v Speaker 1>pays to money, you couldn't tell there was anything amiss

0:15:30.480 --> 0:15:34.280
<v Speaker 1>with most of these forgeries. You could tell under ultraviolet light.

0:15:34.400 --> 0:15:37.000
<v Speaker 1>But if you didn't have that, there was really nothing

0:15:37.040 --> 0:15:40.160
<v Speaker 1>that would even make you think to pay extra attention.

0:15:40.680 --> 0:15:42.920
<v Speaker 1>And here's a weird fact that I learned there in

0:15:42.960 --> 0:15:48.120
<v Speaker 1>the vaults, these really good forgeries, they always have a

0:15:48.320 --> 0:15:50.160
<v Speaker 1>slight error in them.

0:15:50.560 --> 0:15:52.080
<v Speaker 2>And think about why this is weird.

0:15:52.520 --> 0:15:57.280
<v Speaker 1>You've got a otherwise amazingly well done counterfeit bill, but

0:15:57.400 --> 0:16:01.680
<v Speaker 1>it's got an error. For example, there are essentially perfect

0:16:01.720 --> 0:16:05.680
<v Speaker 1>counterfeits of the American twenty dollars bill. But if you

0:16:05.760 --> 0:16:09.960
<v Speaker 1>look at the number two, the way that the bottom

0:16:10.000 --> 0:16:13.080
<v Speaker 1>of the two spreads out what's called the trumpeting in

0:16:13.240 --> 0:16:17.680
<v Speaker 1>font language. It's just slightly wider than it is on

0:16:17.720 --> 0:16:20.000
<v Speaker 1>a real bill, So what's going on with that? How

0:16:20.000 --> 0:16:23.240
<v Speaker 1>can you get the whole bill right but not get

0:16:23.240 --> 0:16:26.240
<v Speaker 1>that little detail right? And there's actually one more part

0:16:26.240 --> 0:16:29.320
<v Speaker 1>to this mystery. There's only one mistake on a bill

0:16:29.360 --> 0:16:32.120
<v Speaker 1>and no more than that. And the answer is it's

0:16:32.160 --> 0:16:35.800
<v Speaker 1>not a mistake. It's on purpose, and it's because counterfeitters

0:16:36.320 --> 0:16:40.080
<v Speaker 1>need a way to distinguish their own bills from.

0:16:40.000 --> 0:16:40.800
<v Speaker 2>The real ones.

0:16:41.200 --> 0:16:44.520
<v Speaker 1>This is so they don't spend their real money accidentally. Okay,

0:16:44.600 --> 0:16:47.320
<v Speaker 1>so some of these bills were almost perfect with this

0:16:47.480 --> 0:16:50.880
<v Speaker 1>single tiny change, but that's not the part that's interesting.

0:16:51.280 --> 0:16:52.880
<v Speaker 2>What's interesting is.

0:16:52.800 --> 0:16:57.200
<v Speaker 1>That most of the counterfeits were not as expertly done

0:16:57.400 --> 0:17:00.680
<v Speaker 1>as you might expect. On almost all of them, the

0:17:00.800 --> 0:17:04.760
<v Speaker 1>part where the color changing ink normally is didn't actually

0:17:04.840 --> 0:17:08.400
<v Speaker 1>change color, and on others the water mark had been

0:17:08.800 --> 0:17:13.119
<v Speaker 1>hand drawn really poorly, and in one pile of notes,

0:17:13.200 --> 0:17:18.320
<v Speaker 1>the silver hologram had been impersonated with a glued piece

0:17:18.400 --> 0:17:22.560
<v Speaker 1>of shiny material from the seal of a compact disc case.

0:17:23.240 --> 0:17:23.840
<v Speaker 2>Many of the.

0:17:23.720 --> 0:17:27.840
<v Speaker 1>Notes had essentially none of the actual security features. But

0:17:27.920 --> 0:17:31.840
<v Speaker 1>the surprising thing is this, To get a counterfeit into circulation,

0:17:32.880 --> 0:17:36.719
<v Speaker 1>most counterfeiters don't bother to go through the trouble of

0:17:36.840 --> 0:17:40.639
<v Speaker 1>making an almost perfect one. Why because it makes almost

0:17:40.720 --> 0:17:45.439
<v Speaker 1>no difference. Almost no one in the general public notices

0:17:45.760 --> 0:17:48.840
<v Speaker 1>a bad forgery. People will stuff the notes into their

0:17:48.840 --> 0:17:52.080
<v Speaker 1>wallets and they'll pass them on, and the notes spread

0:17:52.240 --> 0:17:56.080
<v Speaker 1>like a virus through the population. Because as banknote users,

0:17:56.520 --> 0:18:00.400
<v Speaker 1>we are surprisingly unobservant. We just don't pay it tension

0:18:00.920 --> 0:18:04.800
<v Speaker 1>to the bills in our hand. The government spends an

0:18:04.920 --> 0:18:08.240
<v Speaker 1>incredible amount on security features, and we.

0:18:08.280 --> 0:18:11.160
<v Speaker 2>Don't even look at it now.

0:18:11.320 --> 0:18:15.280
<v Speaker 1>The ECB tried to tackle this problem by hosting public

0:18:15.320 --> 0:18:19.360
<v Speaker 1>awareness campaigns where they encouraged people to stop and look

0:18:19.480 --> 0:18:23.800
<v Speaker 1>carefully at what they were holding. But the approach failed.

0:18:23.840 --> 0:18:28.359
<v Speaker 1>People wouldn't put in the effort. Governments carry enormously about

0:18:28.440 --> 0:18:32.600
<v Speaker 1>security features and the population doesn't. So the Central Bank

0:18:33.040 --> 0:18:35.919
<v Speaker 1>now wanted to try a different tack. They wanted to

0:18:35.960 --> 0:18:40.320
<v Speaker 1>work out what the human visual system actually notices and

0:18:40.400 --> 0:18:44.359
<v Speaker 1>why there was no point spending a massive amount on

0:18:44.440 --> 0:18:48.959
<v Speaker 1>security features that are only noticed by security experts. And

0:18:49.000 --> 0:18:51.640
<v Speaker 1>that was the beginning of a long relationship I had

0:18:51.680 --> 0:18:56.600
<v Speaker 1>with the ECB. For legal reasons, they couldn't manufacture or

0:18:56.760 --> 0:18:59.680
<v Speaker 1>mail to me counterfeit bills and so I had to

0:18:59.680 --> 0:19:05.000
<v Speaker 1>figure out how to make pseudo bills myself. First I

0:19:05.000 --> 0:19:08.600
<v Speaker 1>had to get approval from my university for this very

0:19:08.680 --> 0:19:12.080
<v Speaker 1>unusual study, and then my students that I set to work.

0:19:12.480 --> 0:19:14.840
<v Speaker 1>As it turns out, it's not that difficult to make

0:19:15.000 --> 0:19:18.520
<v Speaker 1>a rough counterfeit. Now, it happens that I was recently

0:19:18.520 --> 0:19:22.280
<v Speaker 1>talking with my friend Adam Savage of Mythbuster's fame, and

0:19:22.320 --> 0:19:25.199
<v Speaker 1>it turned out that he also has done lots of

0:19:25.640 --> 0:19:29.800
<v Speaker 1>forgeries of things, not illegally but legal versions of making

0:19:29.960 --> 0:19:33.159
<v Speaker 1>replicas of all kinds of wonderful things. So before I

0:19:33.200 --> 0:19:35.719
<v Speaker 1>tell you about my experiences, I wanted to ring up

0:19:35.760 --> 0:19:43.600
<v Speaker 1>Adam to hear about his. So, Adam, you've done some counterfeiting,

0:19:43.880 --> 0:19:44.960
<v Speaker 1>tell me about that.

0:19:47.400 --> 0:19:50.160
<v Speaker 3>I don't want to brag that I've done some counterfeiting,

0:19:50.600 --> 0:19:54.639
<v Speaker 3>but I'm obsessed with the idea of replication. That's one

0:19:54.680 --> 0:19:57.840
<v Speaker 3>of my main practices here in the cave, and so like.

0:19:58.119 --> 0:20:02.120
<v Speaker 3>Just for instance, recently I obtained a really lovely replica

0:20:02.160 --> 0:20:05.720
<v Speaker 3>of one of Leonardo da Vinci's coticies. This is known

0:20:05.760 --> 0:20:09.280
<v Speaker 3>as the Paris manuscript A, and I've been slowly spending

0:20:09.280 --> 0:20:12.639
<v Speaker 3>a couple of weeks making a completely accurate cover for

0:20:12.760 --> 0:20:16.120
<v Speaker 3>it based on the information from the collection that it's

0:20:16.119 --> 0:20:18.520
<v Speaker 3>since So I've been printing up the cover full size

0:20:18.520 --> 0:20:21.800
<v Speaker 3>of and having the collection stamps made, and I'm gonna

0:20:22.080 --> 0:20:25.240
<v Speaker 3>slowly make this thing indistinguishable from the original. So that's

0:20:25.280 --> 0:20:29.080
<v Speaker 3>the kind of counterfeiting I really dig is the experiential counterfeit.

0:20:29.200 --> 0:20:31.359
<v Speaker 2>Oh that's amazing. Now let me ask you this.

0:20:31.920 --> 0:20:36.040
<v Speaker 1>Do you find that if there are changes, things you

0:20:36.119 --> 0:20:37.120
<v Speaker 1>don't get perfect?

0:20:37.119 --> 0:20:39.680
<v Speaker 2>Do you find that people don't notice those.

0:20:40.760 --> 0:20:46.800
<v Speaker 3>People's threshold for what they notice is it's an interesting

0:20:46.880 --> 0:20:51.200
<v Speaker 3>mixture because you can kind of bypass some of their

0:20:51.320 --> 0:20:55.160
<v Speaker 3>filters with the right amount of aging, or even sometimes

0:20:55.200 --> 0:20:58.560
<v Speaker 3>a smell will just have someone bypass all their filters

0:20:58.560 --> 0:21:01.720
<v Speaker 3>for what they can see. So it's really different object

0:21:01.720 --> 0:21:05.399
<v Speaker 3>by object about what the threshold is for what lends

0:21:05.440 --> 0:21:09.119
<v Speaker 3>what feels like an experience of veracity.

0:21:09.720 --> 0:21:12.120
<v Speaker 2>Have you ever tried counterfeiting money? Is that something you've

0:21:12.160 --> 0:21:14.440
<v Speaker 2>ever tried? I have made.

0:21:14.680 --> 0:21:16.920
<v Speaker 3>So behind me here on my desk is one of

0:21:16.960 --> 0:21:19.160
<v Speaker 3>my favorite pieces in my collection, and it's the bank

0:21:19.200 --> 0:21:22.960
<v Speaker 3>box from the Bourne identity. And this is the actual

0:21:23.000 --> 0:21:25.680
<v Speaker 3>bank box from the Borne identity. I bought it empty,

0:21:26.440 --> 0:21:29.080
<v Speaker 3>but one of my long term plans is to actually

0:21:29.119 --> 0:21:33.679
<v Speaker 3>fill it full of original bills or correct bills. And

0:21:33.920 --> 0:21:36.200
<v Speaker 3>this is made easier by the fact that a lot

0:21:36.240 --> 0:21:38.160
<v Speaker 3>of the bills that were in the Borne Identity bank

0:21:38.200 --> 0:21:42.760
<v Speaker 3>box are now euros, and so those original currencies, the

0:21:42.800 --> 0:21:46.760
<v Speaker 3>real it's, the frank, et cetera, are no longer extant,

0:21:46.920 --> 0:21:51.760
<v Speaker 3>and so I get suitably and appropriately nervous even doing

0:21:51.800 --> 0:21:55.879
<v Speaker 3>Google searches about replicating money. But to me, your job

0:21:55.960 --> 0:21:59.320
<v Speaker 3>of actually trying some counterfeits to see what works sounds

0:21:59.320 --> 0:22:00.840
<v Speaker 3>like an absolute dream come true.

0:22:00.840 --> 0:22:02.359
<v Speaker 2>For me. I was like I was born to be

0:22:02.400 --> 0:22:03.040
<v Speaker 2>a pen tester.

0:22:17.240 --> 0:22:21.080
<v Speaker 1>Okay, so back to my counterfeiting contract. So the notes

0:22:21.080 --> 0:22:24.120
<v Speaker 1>that we made in the lab had no security features

0:22:24.160 --> 0:22:27.440
<v Speaker 1>like holograms or color changing ink, because that wasn't precisely

0:22:27.480 --> 0:22:30.840
<v Speaker 1>what we were studying. We were studying how much somebody

0:22:30.880 --> 0:22:34.639
<v Speaker 1>would notice if we presented them with a bill with

0:22:34.680 --> 0:22:38.239
<v Speaker 1>a particular design, and we let them examine it and

0:22:38.359 --> 0:22:40.960
<v Speaker 1>turn it around in their hands, and then we took

0:22:41.000 --> 0:22:44.520
<v Speaker 1>it back and we handed them another note, and that

0:22:44.680 --> 0:22:47.919
<v Speaker 1>other note might have some change that was made to it,

0:22:48.200 --> 0:22:50.960
<v Speaker 1>and we asked them, is this the same bill or

0:22:51.000 --> 0:22:53.840
<v Speaker 1>a different one? In other words, how much do they

0:22:53.880 --> 0:22:57.840
<v Speaker 1>remember about the note that they just examined. Now, you

0:22:57.920 --> 0:23:01.440
<v Speaker 1>might expect that if you get to examine a note carefully,

0:23:01.480 --> 0:23:03.400
<v Speaker 1>it's not going to be any problem to see when

0:23:03.440 --> 0:23:08.280
<v Speaker 1>something changes. But you'd be shocked at the limits of

0:23:08.359 --> 0:23:12.840
<v Speaker 1>our observation and our memory. Take a simple experiment run

0:23:12.880 --> 0:23:17.040
<v Speaker 1>by the psychologists Raymond Nickerson and Marilyn Adams in nineteen

0:23:17.119 --> 0:23:20.280
<v Speaker 1>seventy nine. What they did is they showed people fifteen

0:23:20.520 --> 0:23:24.840
<v Speaker 1>different drawings of the US penny, and one was the

0:23:25.200 --> 0:23:29.640
<v Speaker 1>actual penny, while the other drawings were manipulated versions where

0:23:29.640 --> 0:23:32.199
<v Speaker 1>you had the date in a different place, or you

0:23:32.240 --> 0:23:37.280
<v Speaker 1>had the slogan changed, for example, United States of America

0:23:37.359 --> 0:23:41.359
<v Speaker 1>instead of in God we Trust. And fewer than half

0:23:41.440 --> 0:23:46.080
<v Speaker 1>the participants could identify which one was the correct penny.

0:23:46.520 --> 0:23:50.920
<v Speaker 1>Although the participants handled pennies almost every day of their lives,

0:23:51.400 --> 0:23:55.040
<v Speaker 1>they hadn't paid attention in the way they thought they had.

0:23:55.800 --> 0:23:59.960
<v Speaker 1>Experience doesn't translate into expertise.

0:24:01.080 --> 0:24:01.439
<v Speaker 2>Why not.

0:24:01.720 --> 0:24:05.359
<v Speaker 1>It's because we only see what we closely attend to.

0:24:05.960 --> 0:24:09.000
<v Speaker 1>So imagine you catch a glimpse of a man and

0:24:09.040 --> 0:24:11.600
<v Speaker 1>a woman having a picnic in a park, all you

0:24:11.800 --> 0:24:16.000
<v Speaker 1>actually see is something like man woman food. With time,

0:24:16.720 --> 0:24:20.160
<v Speaker 1>as you crawl the scene with your attentional systems, you'll

0:24:20.200 --> 0:24:21.639
<v Speaker 1>incorporate more details.

0:24:21.680 --> 0:24:22.440
<v Speaker 2>Oh they've got.

0:24:22.240 --> 0:24:25.679
<v Speaker 1>Bowls of soup. It's a checkered blanket. That's a little unusual.

0:24:26.160 --> 0:24:29.280
<v Speaker 1>There are hills in the background. And with more time

0:24:29.359 --> 0:24:33.040
<v Speaker 1>you'll notice, Oh, his spoon is slightly bent, or she's

0:24:33.040 --> 0:24:38.080
<v Speaker 1>wearing a silver necklace, or the encircling trees are buckthorn.

0:24:38.640 --> 0:24:42.760
<v Speaker 1>But we incorporate more detail into a scene only if

0:24:42.760 --> 0:24:46.399
<v Speaker 1>we pay more attention and we ask more questions. And

0:24:46.440 --> 0:24:49.080
<v Speaker 1>as I said before, it's like this with all of

0:24:49.080 --> 0:24:52.879
<v Speaker 1>our senses. What is the feeling of your pants on

0:24:52.920 --> 0:24:54.520
<v Speaker 1>your left knee cap right now?

0:24:55.080 --> 0:24:57.600
<v Speaker 2>Or the feeling of your shirt on your shoulders.

0:24:58.160 --> 0:25:01.400
<v Speaker 1>As soon as you ask these questions, you can become

0:25:01.480 --> 0:25:04.920
<v Speaker 1>aware of the answer, but you didn't know until you queried.

0:25:05.400 --> 0:25:08.760
<v Speaker 1>So our visual sense is not like a camera that's

0:25:08.880 --> 0:25:12.520
<v Speaker 1>taking in the complete scene. Instead, we see only the

0:25:12.560 --> 0:25:14.679
<v Speaker 1>details that we go out to seek. And this is

0:25:14.720 --> 0:25:18.960
<v Speaker 1>the issue with the banknotes. We may glance at one

0:25:19.520 --> 0:25:23.520
<v Speaker 1>to verify that it matches the general template we're expecting,

0:25:24.040 --> 0:25:28.639
<v Speaker 1>but we don't scrutinize the details. And that's why the

0:25:28.680 --> 0:25:34.119
<v Speaker 1>European Central banks campaign to stop and pay attention to money.

0:25:34.600 --> 0:25:35.600
<v Speaker 2>It just didn't work.

0:25:36.359 --> 0:25:41.120
<v Speaker 1>We don't attend to things that sufficiently fit our assumptions.

0:25:41.560 --> 0:25:44.960
<v Speaker 2>We believe we already know the note in our hands.

0:25:46.480 --> 0:25:49.520
<v Speaker 3>I recently had a fake built passed to me in

0:25:49.640 --> 0:25:53.800
<v Speaker 3>New York City. I was getting a hot dog, which

0:25:53.880 --> 0:25:56.520
<v Speaker 3>was four bucks, and I gave him a ten, and

0:25:56.560 --> 0:25:58.840
<v Speaker 3>he gave me what looked like a one in a five,

0:25:58.920 --> 0:26:02.720
<v Speaker 3>except the five was And I'm on the street, right,

0:26:02.800 --> 0:26:04.760
<v Speaker 3>I'm just I put it in my pocket.

0:26:04.800 --> 0:26:05.680
<v Speaker 2>I get back to my room.

0:26:05.720 --> 0:26:08.919
<v Speaker 3>The five is actually a discontinued old five thousand yen

0:26:09.040 --> 0:26:09.880
<v Speaker 3>Japanese note.

0:26:11.040 --> 0:26:11.760
<v Speaker 4>Ha ha.

0:26:12.880 --> 0:26:16.359
<v Speaker 3>They exactually had Matt respects for him for handing that

0:26:16.480 --> 0:26:17.399
<v Speaker 3>directly to me.

0:26:17.880 --> 0:26:20.879
<v Speaker 1>Ha. That's amazing, because you're a guy who paid so

0:26:21.000 --> 0:26:23.880
<v Speaker 1>much attention to what's there, and even for you, you

0:26:23.960 --> 0:26:27.080
<v Speaker 1>expect you're getting a five back, and so your brain

0:26:27.200 --> 0:26:29.000
<v Speaker 1>fills in all the blanks and you just take it

0:26:29.000 --> 0:26:30.360
<v Speaker 1>and you go, well.

0:26:30.200 --> 0:26:32.280
<v Speaker 4>I mean, you know, it's a difficult problem to solve

0:26:32.320 --> 0:26:35.040
<v Speaker 4>when you realize that we regularly interact with bills that

0:26:35.080 --> 0:26:40.000
<v Speaker 4>are ancient and are filthy and like soft leather and

0:26:40.160 --> 0:26:43.200
<v Speaker 4>brand new and they're crisp and smell totally differently and

0:26:43.280 --> 0:26:44.240
<v Speaker 4>look totally different.

0:26:44.280 --> 0:26:46.560
<v Speaker 3>When you hold those two up against each other and

0:26:46.600 --> 0:26:49.840
<v Speaker 3>you think, I've got to get someone to be able

0:26:49.880 --> 0:26:53.640
<v Speaker 3>to parse that both of these are real, that's that's

0:26:53.680 --> 0:26:55.240
<v Speaker 3>a complicated problem to solve.

0:26:55.800 --> 0:26:58.320
<v Speaker 1>What ther opinion Union does is they have all these

0:26:58.320 --> 0:27:01.760
<v Speaker 1>security features in their bills. They spend so much money

0:27:01.760 --> 0:27:07.159
<v Speaker 1>for these security features, and no one ever notices. So

0:27:07.240 --> 0:27:09.480
<v Speaker 1>my job is to figure out which elements of the

0:27:09.560 --> 0:27:13.480
<v Speaker 1>banknotes were noticed and which weren't, and to make recommendations

0:27:13.480 --> 0:27:17.080
<v Speaker 1>for next step. We performed a series of experiments for

0:27:17.200 --> 0:27:20.600
<v Speaker 1>over a year and in the end it became obvious

0:27:20.640 --> 0:27:23.800
<v Speaker 1>to me what needed to be done. So in my

0:27:23.880 --> 0:27:27.040
<v Speaker 1>final presentation to the European Central Bank, I put forward

0:27:27.200 --> 0:27:31.439
<v Speaker 1>evidence that the watermark on the euro should be a

0:27:31.640 --> 0:27:36.439
<v Speaker 1>face instead of a building. Why it's because the human

0:27:36.520 --> 0:27:41.520
<v Speaker 1>brain is massively specialized to recognizing faces, but it has

0:27:42.160 --> 0:27:47.200
<v Speaker 1>little neural real estate devoted to buildings. You can see

0:27:47.200 --> 0:27:48.919
<v Speaker 1>a building and then you can see a building that

0:27:48.960 --> 0:27:51.680
<v Speaker 1>looks sort of like it, and you really can't tell

0:27:51.720 --> 0:27:54.159
<v Speaker 1>the difference. Maybe you can't if you're an architect, but

0:27:54.200 --> 0:27:58.320
<v Speaker 1>the rest of us just wouldn't notice. And forged water

0:27:58.440 --> 0:28:02.600
<v Speaker 1>marks are generally hand drawn, and that's because it's this

0:28:02.800 --> 0:28:05.520
<v Speaker 1>intermediate layer and you need to do that by hand.

0:28:06.040 --> 0:28:09.400
<v Speaker 1>And it turns out that if you draw a building,

0:28:09.520 --> 0:28:12.400
<v Speaker 1>even if you do a really lousy job, no one's

0:28:12.440 --> 0:28:15.320
<v Speaker 1>going to catch the difference. Your brain just doesn't care

0:28:15.400 --> 0:28:18.480
<v Speaker 1>that much about the exact details of a building. But

0:28:18.800 --> 0:28:22.680
<v Speaker 1>contrast this with faces. We have a ton of brain

0:28:22.840 --> 0:28:28.000
<v Speaker 1>territory devoted to faces. Think about the difference in the

0:28:28.040 --> 0:28:30.720
<v Speaker 1>faces of the people you see every day, the length

0:28:30.760 --> 0:28:32.960
<v Speaker 1>of the nose, the distance between.

0:28:32.640 --> 0:28:34.440
<v Speaker 2>The eyes, the shape of the lips.

0:28:34.800 --> 0:28:38.080
<v Speaker 1>These are really subtle details, but we're super sensitive to

0:28:38.160 --> 0:28:39.160
<v Speaker 1>picking up on these.

0:28:39.600 --> 0:28:41.640
<v Speaker 2>Now, this is of course for human faces.

0:28:41.720 --> 0:28:45.160
<v Speaker 1>You presumably couldn't tell that much difference between the faces

0:28:45.200 --> 0:28:48.479
<v Speaker 1>of twenty different German shepherd dogs. They all sort of

0:28:48.480 --> 0:28:50.960
<v Speaker 1>look alike to you. But now put yourself in the

0:28:51.000 --> 0:28:54.960
<v Speaker 1>position of the dog. Presumably humans look mostly alike to it.

0:28:55.400 --> 0:28:58.920
<v Speaker 1>But the details we are so sensitive to, like the

0:28:58.960 --> 0:29:01.480
<v Speaker 1>hairline and the cheek and the length of the nose

0:29:01.520 --> 0:29:03.640
<v Speaker 1>and the exact position of the ears and all that

0:29:03.720 --> 0:29:07.400
<v Speaker 1>stuff would mean nothing to the dog. But we are

0:29:07.520 --> 0:29:12.120
<v Speaker 1>incredibly sensitive to these tiny tiny differences, and this is

0:29:12.120 --> 0:29:16.120
<v Speaker 1>why it's so much easier to spot an imperfect face

0:29:16.720 --> 0:29:20.040
<v Speaker 1>than an imperfect building. And this is why the ECB

0:29:20.240 --> 0:29:23.480
<v Speaker 1>decided to change the watermark on the fifty year h

0:29:23.640 --> 0:29:28.200
<v Speaker 1>bill from a building to a face. Now, unfortunately, they

0:29:28.240 --> 0:29:32.560
<v Speaker 1>had an implementation challenge, a political one, which is, how

0:29:32.560 --> 0:29:36.160
<v Speaker 1>could they get all the different countries to agree on

0:29:36.160 --> 0:29:39.600
<v Speaker 1>one person's face. What nationality were they going to choose?

0:29:39.640 --> 0:29:42.880
<v Speaker 1>The Italians were going to want Michelangelo, the British would

0:29:42.920 --> 0:29:46.120
<v Speaker 1>want Shakespeare, the French would want Napoleon, and so on.

0:29:46.320 --> 0:29:49.400
<v Speaker 1>That's why they had originally chosen a building, because that

0:29:49.600 --> 0:29:51.000
<v Speaker 1>circumvented the argument.

0:29:51.440 --> 0:29:54.120
<v Speaker 2>But now there was a reason to choose a face.

0:29:54.680 --> 0:29:58.160
<v Speaker 1>So finally someone suggested that instead of fighting it out

0:29:58.240 --> 0:30:03.480
<v Speaker 1>between historical hero they should just settle on the mythological

0:30:03.560 --> 0:30:07.400
<v Speaker 1>Princess Europa, after whom Europe is named, and so the

0:30:07.440 --> 0:30:10.720
<v Speaker 1>new fifty dollars note with her face rolled out in

0:30:10.760 --> 0:30:15.200
<v Speaker 1>twenty seventeen. Now that move is a step in the

0:30:15.280 --> 0:30:19.800
<v Speaker 1>right direction, but since they chose a mythological face with

0:30:19.920 --> 0:30:24.520
<v Speaker 1>no single correct version, it's slightly less useful than a

0:30:24.560 --> 0:30:29.000
<v Speaker 1>face everyone would recognize, like if they'd used Juliette Bnotia's

0:30:29.040 --> 0:30:32.480
<v Speaker 1>face or Benedict Cumberbatch's face. But anyway, it was a

0:30:32.520 --> 0:30:36.000
<v Speaker 1>good start. But that was only my first recommendation. I

0:30:36.040 --> 0:30:40.640
<v Speaker 1>then recommended that all euro banknotes should be the same size,

0:30:40.760 --> 0:30:44.360
<v Speaker 1>the way that American bills are. Why because that would

0:30:44.400 --> 0:30:46.880
<v Speaker 1>at least get people to look at them a bit

0:30:47.040 --> 0:30:50.080
<v Speaker 1>longer to see what they're dealing with. Right if you're

0:30:50.080 --> 0:30:53.400
<v Speaker 1>handing someone an American bill, they have to stare at

0:30:53.400 --> 0:30:57.280
<v Speaker 1>it for some hundreds of milliseconds longer just to register

0:30:57.760 --> 0:31:00.480
<v Speaker 1>what in the heck they're holding, because there aren't other

0:31:00.680 --> 0:31:04.400
<v Speaker 1>clues from size, Whereas in Europe you grab a bill

0:31:04.760 --> 0:31:06.680
<v Speaker 1>and you know much faster if it's a twenty or

0:31:06.720 --> 0:31:09.840
<v Speaker 1>a fifty or whatever, and as a result, you pay

0:31:09.880 --> 0:31:13.360
<v Speaker 1>even less attention to what is written on it. Now,

0:31:13.400 --> 0:31:17.320
<v Speaker 1>there are advantages to the blind community in having bills

0:31:17.320 --> 0:31:20.560
<v Speaker 1>of different sizes, but now you can do three D

0:31:20.760 --> 0:31:25.080
<v Speaker 1>printing on bills, and so the blind community no longer

0:31:25.120 --> 0:31:28.640
<v Speaker 1>needs different sizes to be able to tell what bill

0:31:28.640 --> 0:31:29.240
<v Speaker 1>they're holding.

0:31:29.520 --> 0:31:29.720
<v Speaker 2>Now.

0:31:29.760 --> 0:31:31.960
<v Speaker 1>The Council told me that while they took my point,

0:31:32.160 --> 0:31:34.000
<v Speaker 1>there was no way they were going to make all

0:31:34.040 --> 0:31:37.400
<v Speaker 1>the bills the same size. Why it wasn't just because

0:31:37.440 --> 0:31:40.520
<v Speaker 1>they'd have to retool the mints where they print the bills,

0:31:40.840 --> 0:31:43.760
<v Speaker 1>but more importantly, they'd have to retool all the vending

0:31:43.800 --> 0:31:47.560
<v Speaker 1>machines in Europe, and this was an impossible amount of work,

0:31:47.840 --> 0:31:51.560
<v Speaker 1>which got me thinking about the way that things get ensconced.

0:31:51.560 --> 0:31:56.880
<v Speaker 1>They get calcified into place by some historical trajectory, and

0:31:56.920 --> 0:31:59.680
<v Speaker 1>then it becomes too hard to change it, like the

0:31:59.720 --> 0:32:03.640
<v Speaker 1>way that we use the imperial measuring system in America,

0:32:03.720 --> 0:32:06.840
<v Speaker 1>where it's not based on tens, and therefore it's very

0:32:06.840 --> 0:32:09.960
<v Speaker 1>difficult to convert between different units, like we have twelve

0:32:10.040 --> 0:32:13.840
<v Speaker 1>inches equaling a foot, or sixteen ounces is a pound.

0:32:14.080 --> 0:32:16.240
<v Speaker 1>And when I was a kid, there was a big

0:32:16.320 --> 0:32:20.040
<v Speaker 1>push to teach both the imperial and the metric systems

0:32:20.080 --> 0:32:22.760
<v Speaker 1>at the same time so that we could slowly make

0:32:22.800 --> 0:32:26.000
<v Speaker 1>the transition into something that made more sense. But it

0:32:26.200 --> 0:32:30.360
<v Speaker 1>just proved too hard to change because the imperial measurement

0:32:30.400 --> 0:32:34.760
<v Speaker 1>system got calcified into place and then you can't get

0:32:34.840 --> 0:32:38.560
<v Speaker 1>rid of it. So anyway, the European Central Bank acknowledge

0:32:38.720 --> 0:32:40.960
<v Speaker 1>that I had a point about the bill size, but

0:32:41.000 --> 0:32:44.360
<v Speaker 1>they concluded it would just be too much work to

0:32:44.480 --> 0:32:48.200
<v Speaker 1>retool everything so they asked for my next recommendation, and

0:32:48.400 --> 0:32:51.920
<v Speaker 1>here was my chance to deliver my clincher.

0:32:52.600 --> 0:32:54.560
<v Speaker 2>This was a sense that had been.

0:32:54.400 --> 0:32:57.080
<v Speaker 1>Creeping up on me for the entire year that I'd

0:32:57.120 --> 0:33:00.959
<v Speaker 1>been studying the problem of counterfeiting. The heart of the

0:33:01.000 --> 0:33:06.280
<v Speaker 1>problem is that notes are jam packed with decorative features

0:33:06.320 --> 0:33:08.720
<v Speaker 1>that have nothing to do with the security. So you

0:33:08.760 --> 0:33:12.960
<v Speaker 1>have pictures of trees and patriots and birds and flags,

0:33:13.000 --> 0:33:16.640
<v Speaker 1>you have swirling colors, and no one notices the security

0:33:16.680 --> 0:33:21.200
<v Speaker 1>features because of all these distractions. So I told them

0:33:21.640 --> 0:33:25.320
<v Speaker 1>that a piece of currency, a bill, should be a blank,

0:33:25.480 --> 0:33:29.360
<v Speaker 1>white piece of paper with a single hologram in the middle.

0:33:29.640 --> 0:33:31.880
<v Speaker 2>That's it, nothing else on it.

0:33:32.280 --> 0:33:36.320
<v Speaker 1>A counterfeiter wouldn't be able to replicate that without serious

0:33:36.800 --> 0:33:40.240
<v Speaker 1>specialized equipment, and the person in the street wouldn't be

0:33:40.320 --> 0:33:44.200
<v Speaker 1>distracted by all the detailing that has nothing.

0:33:43.920 --> 0:33:45.160
<v Speaker 2>To do with the security.

0:33:46.160 --> 0:33:49.640
<v Speaker 1>So they agreed with my recommendation in theory, but they

0:33:49.720 --> 0:33:54.000
<v Speaker 1>rejected it on the grounds that there's too much cultural

0:33:54.080 --> 0:33:58.160
<v Speaker 1>momentum in the design of banknotes. In other words, people

0:33:58.360 --> 0:34:02.520
<v Speaker 1>expect notes to look a certain way. Currencies are supposed

0:34:02.520 --> 0:34:07.840
<v Speaker 1>to impress the viewer with the regal power and artistic

0:34:08.320 --> 0:34:12.880
<v Speaker 1>talents of the ruling body, and apparently no government wants

0:34:12.960 --> 0:34:17.760
<v Speaker 1>to appear unregal and unartistic when compared to another government,

0:34:18.239 --> 0:34:21.560
<v Speaker 1>And so the experiment came to a close. The building

0:34:21.560 --> 0:34:23.760
<v Speaker 1>got changed to a face, which was a good start,

0:34:24.080 --> 0:34:27.640
<v Speaker 1>but so much about the rest of currencies is stuck

0:34:27.680 --> 0:34:30.960
<v Speaker 1>in place. So we'll see what happens with the future

0:34:31.000 --> 0:34:35.000
<v Speaker 1>of digital exchanges like paypalor Venmo, and the future of crypto,

0:34:35.360 --> 0:34:38.760
<v Speaker 1>but it appears that for now paper money is sticking

0:34:38.800 --> 0:34:42.080
<v Speaker 1>around almost everywhere on the planet. So it's still my

0:34:42.280 --> 0:34:46.600
<v Speaker 1>general hope that some government somewhere will get this straight,

0:34:47.080 --> 0:34:50.720
<v Speaker 1>and the advantage for them is they'll have massively less

0:34:50.800 --> 0:34:53.960
<v Speaker 1>counterfeiting to drag on their economy. So if you're going

0:34:54.040 --> 0:34:56.520
<v Speaker 1>to start a new country, take this podcast as my

0:34:56.600 --> 0:35:00.200
<v Speaker 1>free advice for how to do your bills. Effective solution

0:35:00.320 --> 0:35:03.719
<v Speaker 1>from science can sometimes bump up against tradition, but if

0:35:03.760 --> 0:35:07.560
<v Speaker 1>we really care about tackling a problem, we have to

0:35:07.600 --> 0:35:11.719
<v Speaker 1>move beyond adherence to custom. The human visual system is

0:35:11.760 --> 0:35:14.600
<v Speaker 1>never going to notice security features that are buried in

0:35:14.719 --> 0:35:17.840
<v Speaker 1>other details, and if you give your brain any excuse

0:35:17.920 --> 0:35:21.480
<v Speaker 1>to believe it knows what's out there, it will take

0:35:21.560 --> 0:35:24.319
<v Speaker 1>shortcuts and make extra assumptions.

0:35:25.560 --> 0:35:27.440
<v Speaker 2>So this episode repeats.

0:35:27.000 --> 0:35:29.440
<v Speaker 1>A theme that you're going to hear many times on

0:35:29.480 --> 0:35:33.200
<v Speaker 1>this show. Whenever you want to improve society, you have

0:35:33.280 --> 0:35:36.600
<v Speaker 1>to do your best to understand the details of the

0:35:36.680 --> 0:35:41.480
<v Speaker 1>brains that comprise that society.

0:35:44.200 --> 0:35:45.400
<v Speaker 2>That's all for this week.

0:35:45.600 --> 0:35:48.120
<v Speaker 1>To find out more and to share your thoughts, head

0:35:48.120 --> 0:35:51.960
<v Speaker 1>over to eagleman dot com, slash Podcasts, and you can

0:35:52.000 --> 0:35:55.520
<v Speaker 1>also watch full episodes of Inner Cosmos on YouTube.

0:35:55.920 --> 0:35:58.480
<v Speaker 2>Subscribe to my channel so you can follow along each

0:35:58.520 --> 0:36:02.960
<v Speaker 2>week for new updates until next time. I'm David Eagleman

0:36:03.280 --> 0:36:04.960
<v Speaker 2>and this is in Her Cosmos.