he card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping… — Richard Thaler Copy Share Image
If rather than setting the minimum balance as the lowest possible amount, so we keep people in debt for as long as… — Richard Thaler Copy Share Image
I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot… — Richard Thaler Copy Share Image
The money has to be deferred with what they call "clawback," which means they can get it back if I lose it… — Richard Thaler Copy Share Image
Is there a market for somebody selling a credit card that helps people pay down their balances? I think the question is… — Richard Thaler Copy Share Image
So the world is much more correlated than we give credit to. And so we see more of what Nassim Taleb calls… — Richard Thaler Copy Share Image
Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're… — Richard Thaler Copy Share Image
Credit cards have been extremely profitable to banks. They're profitable not from the fees they collect from the retailers that use the… — Richard Thaler Copy Share Image
It's essential that we understand things like the free-rider problem, but we also need to understand that, fortunately, humans are a little… — Richard Thaler Copy Share Image
The voting public is not very good at attributing credit and blame to presidents. They get too much credit when things go… — Richard Thaler Copy Share Image
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 Copy Share Image
In some ways, the finding that financial education doesn't provide long-term payoffs is hardly surprising. After all, how much do you remember from your… — Richard Thaler Copy Share Image
Fortunately, economists open to new ways of thinking are finding novel ways to use supposedly irrelevant factors to make the world a better place. — Richard Thaler Copy Share Image
If people just put away what's left at the end of the month, that's a recipe for failure. — Richard Thaler Copy Share Image
The wealth in many large estates has never been taxed because it is largely in the form of unrealized - therefore untaxed - capital… — Richard Thaler Copy Share Image
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 Copy Share Image
I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else. — Richard Thaler Copy Share Image
There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action. — Richard Thaler Copy Share Image
For amateur golfers, I think one of the biggest mistakes is to model their play on professionals. — Richard Thaler Copy Share Image
he card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping your card… — Richard Thaler Copy Share Image
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… — Richard Thaler Copy Share Image
