Steven D. Levitt Quotes
Top 66 wise famous quotes and sayings by Steven D. Levitt
Steven D. Levitt Famous Quotes & Sayings
Discover top inspirational quotes from Steven D. Levitt on Wise Famous Quotes.
A person who is lying or cheating will often respond to an incentive differently than an honest person.
Most people are too busy to rethink the way they think - or to even spend much time thinking at all.
Ideas nearly always seem brilliant when they're hatched, so we never act on a new idea for at least twenty-four hours.
Conventional wisdom in Galbraith's view must be simple, convenient, comfortable and comforting - though not necessarily true.
Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.
Is distinctive black culture the cause of economic disparity between whites and blacks or merely the reflection of it?
As we suggested near the beginning of this book, if morality represents an ideal world, then economics represents the actual world.
If you really want to persuade someone who doesn't wish to be persuaded, you should tell him a story.
Information is a beacon, a cudgel, an olive branch, a deterrent
all depending on who wields it and how.
all depending on who wields it and how.
When failure is demonized, people will try to avoid it at all costs - even when it represents nothing more than a temporary setback.
The ECLS data do show, for instance, that a child with a lot of books in his home tends to test higher than a child with no books.
So when it comes to solving problems, channeling your inner child can really pay off. It all starts with thinking small.
Poverty is a symptom - of the absence of a workable economy built on credible political, social, and legal institutions.
If it takes a lot of courage to admit you don't know all the answers, just imagine how hard it is to admit you don't even know the right question.
Mullaney often took the subway to visit the client. His ride sometimes coincided with the end of the school day;
Vegans are still considered as sort of "out there," a fringe group of animal rights activists with pasty skin and protein issues. However,
If morality represents how people would like the world to work, then economics shows how it actually does work.
Most of us want to fix or change the world in some fashion. But to change the world, you first have to understand it.
Solving a problem is hard enough; it gets that much harder if you've decided beforehand it can't be done.
Levitt admits to having the reading interests of a tweener girl, the Twilight series and Harry Potter in particular.
Whatever the incentive, whatever the situation, dishonest people will try to gain an advantage by whatever means necessary. Or,
Resources are not infinite: you cannot solve tomorrow's problem if you aren't willing to abandon today's dud.
Goldstein found that on average, the people in his experiment "enjoy more expensive wines slightly less.
The fear created by commercial experts may not quite rival the fear created by terrorists like the Ku Klux Klan, but the principle is the same.
Whatever problem you're trying to solve, make sure you're not just attacking the noisy part of the problem that happens to capture your attention.
Overall, a portfolio of the "good to great" companies looks like it would have underperformed the S&P 500.
If you are willing to confront the obvious, you will end up asking a lot of questions that others don't.