The lesson from behavioral economics is that people only save if it's automatic. — Richard Thaler Copy Share Image
Most people start claiming benefits within a year of when they become eligible, although benefits increase substantially if they wait. — Richard Thaler Copy Share Image
People make just as many mistakes when the stakes go up, maybe more. — 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
For many people, being asked to solve their own retirement savings problems is like being asked to build their own cars. — Richard Thaler Copy Share Image
My mantra is if you want to help people accomplish some goal, make it easy. — Richard Thaler Copy Share Image
Most economists, including me, agree that longevity insurance would make sense for a lot of people. — Richard Thaler Copy Share Image
There's no reason to think that markets always drive people to what's good for them. — Richard Thaler Copy Share Image
I try to teach people to make fewer mistakes. But in designing economic policies, we need to take full account of the… — Richard Thaler Copy Share Image
There's a reason why start-ups, especially disruptive start-ups - like Google or Amazon or Uber - are full of young people. That's… — Richard Thaler Copy Share Image
People are less likely to think it's immoral to walk away from their home if they know others who have done so.… — Richard Thaler Copy Share Image
"Save more tomorrow" is a nudge to help people do what they know they want to do, which is save more, but… — Richard Thaler Copy Share Image
The same with the mortgage brokers that were selling people mortgages they couldn't afford. We shouldn't pay them on each mortgage they… — Richard Thaler Copy Share Image
I think the people who've been the most overconfident in our business in the last decade have been the people that called… — 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
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
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
People worry that if they buy an annuity and then die before the policy starts to pay off, their heirs will lose… — 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 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
Real people have trouble balancing their checkbooks, much less calculating how much they need to save for retirement; they sometimes binge on… — Richard Thaler Copy Share Image
People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick. — 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
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
