Richard Thaler Quotes
Top 20 wise famous quotes and sayings by Richard Thaler
Richard Thaler Famous Quotes & Sayings
Discover top inspirational quotes from Richard Thaler on Wise Famous Quotes.
I'm all for empowerment and education, but the empirical evidence is that it doesn't work. That's why I say make it easy.
The assumption that everybody will figure out how much they have to save and then will just implement that plan is obviously preposterous.
People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.
I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot more what economist calls systematic risk.
Recall that people like to do what most people think it is right to do; recall too that people like to do what most people actually do.
There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.
When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.
I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.
So, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior.
Most people start claiming benefits within a year of when they become eligible, although benefits increase substantially if they wait.