Richard Thaler quotes - page 3

We behavioralists differ from our more traditional brethren in the way we characterize agents in the economy. (Richard Thaler)
When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite. View quote
Richard Thaler
The lesson from behavioral economics is that people only save if it's automatic. View quote
Richard Thaler
A good rule of thumb is to assume that everything matters. View quote
Richard Thaler
There's no reason to think that markets always drive people to what's good for them. View quote
Richard Thaler
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. View quote
Richard Thaler
If people just put away what's left at the end of the month, that's a recipe for failure. View quote
Richard Thaler
Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it. View quote
Richard Thaler
People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick. View quote
Richard Thaler
The assumption that everybody will figure out how much they have to save and then will just implement that plan is obviously preposterous. View quote
Richard Thaler
There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action. (Richard Thaler)
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. View quote
Richard Thaler
"Save more tomorrow" is a nudge to help people do what they know they want to do, which is save more, but they can't bring themselves to save more now. Just like many of us are planning to go on diets next month, or maybe in two months, certainly not tonight. View quote
Richard Thaler
Credit cards have been extremely profitable to banks. They're profitable not from the fees they collect from the retailers that use the credit cards, that pays the bills, but the real profits come from the interest payments and the charges to users that are unexpected. View quote
Richard Thaler
Most people start claiming benefits within a year of when they become eligible, although benefits increase substantially if they wait. View quote
Richard Thaler
Every American worker should be able to save for retirement via payroll deductions. View quote
Richard Thaler