I started to read as obsessively about Star Wars as I once…

It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like…

— Dan Ariely

One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

— Dan Ariely

“ONE OF THE main differences between standard and behavioral economics involves this concept of “free lunches.” According to the assumptions of standard economics, all…

— Dan Ariely

“Groups have powerful self-reinforcing mechanisms at work. These can lead to group polarization—a tendency for members of the group to end up in a…

— James Montier

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

— Richard Thaler

“Neoclassical economics has effectively insulated itself from the great advances made in science and engineering over the last 40 years. This self-imposed isolation must…

— Steve Keen

“It is telling commentary on economic orthodoxy that a whole subdiscipline--behavioral economics--and a raft of lab experiments are needed to show that humans often…

— Kaushik Basu

[There will be movement toward] behavioral economics... [which] involves study of those aspects of men's images, or cognitive and affective structures that are more…

— Kenneth E. Boulding

Behavioral economics can explain some things, but it's hard to explain a lot of the underlying processes that generate these decisions, much less some…

— Edward Boyden

Everyone's lost a lot of money on their 401k plans. I've heard some people calling them 201k plans. So it's even more important to…

— Richard Thaler

“In fact quite generally, commercial advertising is fundamentally an effort to undermine markets. We should recognize that. If you’ve taken an economics course, you…

— Noam Chomsky

“Wouldn't economics make a lot more sense if it were based on how people actually behave, instead of how they should behave?”

— Dan Ariely

January is always a good month for behavioral economics: Few things illustrate self-control as vividly as New Year's resolutions. February is even better, though,…

— Sendhil Mullainathan

How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably…

— Charlie Munger

Retirement savings is probably behavioral economists' greatest success story. It is a prototypical behavioral-economics problem because saving for retirement is cognitively hard - figuring…

— Richard Thaler