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Richard Thaler Quotes


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Quotes by Richard Thaler

Showing 31-40 of 99 Quotes by Richard Thaler

Most of us think that we are 'better than average' in most things. We are also 'miscalibrated,' meaning that our sense of the probability of events doesn't line up with reality. When we say we are sure about a certain fact, for example, we may well be right only half the time.

~Richard Thaler

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I practice what has come to be called behavioral economics.

~Richard Thaler

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Whenever I'm asked to autograph a copy of 'Nudge,' the book I wrote with Cass Sunstein, the Harvard law professor, I sign it, 'Nudge for good.' Unfortunately, that is meant as a plea, not an expectation.

~Richard Thaler

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As both a consumer and producer of newspaper articles, I have no beef with pay walls. But before signing up, I read the fine print.

~Richard Thaler

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The more we turn down questionable offers like trip insurance and scrutinize 'one month' trials, the less incentive companies will have to use such schemes.

~Richard Thaler

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Many problems are so complex that even if we had the money to fix them, we wouldn't know how to do it. Fixing inner-city schools, reducing obesity, creating peace in the Middle East are just a few examples.

~Richard Thaler

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Payroll savings plans are vital because they are essentially the only way that middle-class Americans reliably save for retirement.

~Richard Thaler

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When employees are first eligible for a retirement savings plan, they should be enrolled unless they choose to opt out.

~Richard Thaler

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In the world of traditional economics, it shouldn't matter whether you use an opt-in or opt-out system. So long as the costs of registering as a donor or a nondonor are low, the results should be similar. But many findings of behavioral economics show that tiny disparities in such rules can make a big difference.

~Richard Thaler

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Signing up to be an organ donor should be at least as easy as downloading a song to your iPhone.

~Richard Thaler

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Biography

Nationality: American

Type: Economist

Born: September 12th, 1945

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Find Richard Thaler on Amazon

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