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Richard Thaler Quotes


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Quotes by Richard Thaler

Showing 21-30 of 99 Quotes by Richard Thaler

The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.

~Richard Thaler

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The Nobel Prize is going to be 'fun money' - for an occasion, when my wife and I want a $50 bottle of wine.

~Richard Thaler

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The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed in standard economic theory.

~Richard Thaler

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The sad truth is that many behavioral economists know very little about psychology.

~Richard Thaler

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There's a reason why start-ups, especially disruptive start-ups - like Google or Amazon or Uber - are full of young people. That's because young people are not as wedded to the old fashioned ways of doing things.

~Richard Thaler

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High school seniors should receive help in how to think about a student loan and how to make sure that the education bought with the loan offers good prospects for repayment.

~Richard Thaler

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Tax cuts are one of many ways to stimulate the economy. Building infrastructure, for example, is another.

~Richard Thaler

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As a general rule, the United States government is run by lawyers who occasionally take advice from economists. Others interested in helping the lawyers out need not apply.

~Richard Thaler

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Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating.

~Richard Thaler

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People are less likely to think it's immoral to walk away from their home if they know others who have done so. And if enough people do it, the stigma begins to erode.

~Richard Thaler

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Biography

Nationality: American

Type: Economist

Born: September 12th, 1945

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