Customer Quotes by Richard Thaler

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

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

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

If people just put away what's left at the end of the month, that's a recipe for failure.

— Richard Thaler

The wealth in many large estates has never been taxed because it is largely in the form of unrealized - therefore untaxed - capital…

— Richard Thaler

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

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

— Richard Thaler

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

For amateur golfers, I think one of the biggest mistakes is to model their play on professionals.

— Richard Thaler

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

We all need a lot of humility, and especially about the economy.

— Richard Thaler

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

If you're trading individual securities, you're almost certainly making a mistake. Because most professional managers can't outperform their benchmarks, and there's little reason to…

— Richard Thaler

A nudge is some feature of the environment that changes the behaviour of humans but would not change the behaviour of rational economic agents,…

— Richard Thaler

One reason for high health care costs is that patients fail to follow their treatment regimen.

— Richard Thaler