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
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
Doctors and hospitals should be paid for keeping their patients well. Paying them for doing more tests and surgeries creates bad incentives. — Richard Thaler Copy Share Image
When should we nudge and when should we shove, I think, it's a political judgment. Obviously in some situations we need shoves,… — Richard Thaler Copy Share Image
We should at least make sure that patients are given the opportunity to opt out of spending their final days in a… — 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
The main thing that you learn in grad school, or should learn, is how to think like an economist. The rest is… — Richard Thaler Copy Share Image
I don't think it says anywhere in the Bible that tithing should be calculated on a before-tax basis. — Richard Thaler Copy Share Image
The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to… — Richard Thaler Copy Share Image
Every American worker should be able to save for retirement via payroll deductions. — Richard Thaler Copy Share Image
God did not say that you should be able to borrow one hundred percent of the price of a house. — Richard Thaler Copy Share Image
When employees are first eligible for a retirement savings plan, they should be enrolled unless they choose to opt out. — 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
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
