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Richard Thaler Quotes


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Quotes by Richard Thaler

Showing 41-50 of 99 Quotes by Richard Thaler

We should at least make sure that patients are given the opportunity to opt out of spending their final days in a hospital, hooked up to tubes and running up enormous bills.

~Richard Thaler

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Tort reform is a complicated subject and not a panacea.

~Richard Thaler

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When it comes to my health, I would rather my doctor base her decisions on science rather than what she, or some lawyer, thinks will stand up in court.

~Richard Thaler

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Social Security may be the most beloved of all the government's programs, partly because it requires so little thinking. You pay taxes while you work, then you and your spouse collect until you die.

~Richard Thaler

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Claiming that Social Security benefits are safe may sound naive, but my view is actually quite cynical. I believe that as long as the elderly continue to vote in large numbers, no Congress will renege on promised payouts for those already eligible to receive benefits.

~Richard Thaler

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Sunk costs? We pay too much attention to them.

~Richard Thaler

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A nudge is some feature of the environment that changes the behaviour of humans but would not change the behaviour of rational economic agents, what we call Econs.

~Richard Thaler

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Countries all around the world, starting with the U.K., have started behavioural insight teams, often referred to as nudge units. And they seem to be doing lots of good.

~Richard Thaler

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I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else.

~Richard Thaler

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I try to teach people to make fewer mistakes. But in designing economic policies, we need to take full account of the fact that people are busy, they're absent minded, they're lazy, and that we should try to make things as easy for them as possible.

~Richard Thaler

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Biography

Nationality: American

Type: Economist

Born: September 12th, 1945

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