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Richard Thaler Quotes


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Quotes by Richard Thaler

Showing 11-20 of 99 Quotes by Richard Thaler

It's not that we can predict bubbles - if we could, we would be rich. But we can certainly have a bubble warning system.

~Richard Thaler

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We behavioralists differ from our more traditional brethren in the way we characterize agents in the economy.

~Richard Thaler

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Economists discount any factors that would not influence the thinking of a rational person.

~Richard Thaler

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Leaders are important but not omnipotent.

~Richard Thaler

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If there is one thing that most economists agree about in the realm of tax policy, it is that it's best to broaden the base of any tax, all else being equal. That means minimizing the number of deductions and exclusions from taxable income in order to lower marginal rates and reduce distortions.

~Richard Thaler

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Many Americans say they want to be organ donors, but they just don't get around to acting on their intentions. Helping these potential good Samaritans overcome their inertia could prolong thousands of lives a year.

~Richard Thaler

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Traditional economics is based on imaginary creatures sometimes referred to as 'Homo economicus.' I call them Econs for short. Econs are amazingly smart and are free of emotion, distraction or self-control problems. Think Mr. Spock from 'Star Trek.'

~Richard Thaler

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In a democracy, if a government creates bad policies, it can be voted out of office. Competition in the private sector, however, can easily work to encourage phishing rather than stifle it.

~Richard Thaler

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There can be legal conflicts over whether registering intent is enough to qualify you as an organ donor or whether a doctor must still ask your family's permission.

~Richard Thaler

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Doctors and hospitals should be paid for keeping their patients well. Paying them for doing more tests and surgeries creates bad incentives.

~Richard Thaler

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Biography

Nationality: American

Type: Economist

Born: September 12th, 1945

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