The Nobel Prize is going to be 'fun money' - for an occasion, when my wife and I want a $50 bottle… — 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
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
It's hard to have any idea of how much money is enough to finance an appropriate lifestyle in retirement. But if a… — Richard Thaler Copy Share Image
I am all for trying to teach household finance in schools, starting as early as possible. And when it comes to high… — Richard Thaler Copy Share Image
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… — Richard Thaler Copy Share Image
Many problems are so complex that even if we had the money to fix them, we wouldn't know how to do it.… — Richard Thaler Copy Share Image
'Fun money' is another thing that makes no sense to traditional economists. Because there's just money; there's no 'fun money.' It's all… — 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
LTCM lost money when Russia defaulted on a certain class of bonds, and then they had other investments like on the spread… — Richard Thaler Copy Share Image
In a typical 401k plan, when you first become eligible you get a big pile of forms and you're told, fill out… — 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
One simple step firms can take is make sure that people that are getting paid a lot of money, say more than… — Richard Thaler Copy Share Image
Companies are accumulating vast amounts of information about your likes and dislikes. But they are doing this not only because you're interesting.… — 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
