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… — Richard Thaler Copy Share Image
One reason for high health care costs is that patients fail to follow their treatment regimen. — 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
Anybody who's ever been in a large organization realizes that 'optimizing' is not a word that would often be used to describe… — 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
The reason is they failed to learned the primary lesson we should have learned from when Long Term Capital Management went belly… — 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
