--- title: "Meaning & Key Takeaway of: ... confidence, fairness, corruption…" description: "\"“... confidence, fairness, corruption, money illusion, and stories. These are real motivations for real people. They are ubiquitous. The presumption of..." image: "https://sms4smile.com/quotes/i/3ee/anonymous-1_behavioral-economics_confidence-fairness-corruption-money-ill_2426375.jpg" --- # ... confidence, fairness, corruption, money illusion, and… ![“... confidence, fairness, corruption, money illusion, and stories. These are real motivations for real people. They are ubiquitous. The presumption of mainstream macroeconomics that they have no important role strikes us as absurd.” quote by Anonymous](https://sms4smile.com/quotes/i/3ee/anonymous-1_behavioral-economics_confidence-fairness-corruption-money-ill_2426375.jpg) [Download](https://sms4smile.com/quotes/i/3ee/anonymous-1_behavioral-economics_confidence-fairness-corruption-money-ill_2426375.jpg) [Open image](https://sms4smile.com/quotes/i/3ee/anonymous-1_behavioral-economics_confidence-fairness-corruption-money-ill_2426375.jpg) > ““... confidence, fairness, corruption, money illusion, and stories. These are real motivations for real people. They are ubiquitous. The presumption of mainstream macroeconomics that they have no important role strikes us as absurd.”” [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. People are driven by emotions, fairness, and narratives, not just rational calculations; ignoring these factors is unrealistic. **In simple terms:** Human motives include emotions and stories, not just logic. Key Takeaway Consider psychological drivers in economic analysis. Themes economics psychology motivation bias Mood analytical critical Type academic thought‑provoking When to use this quote - policy design - investment decisions - marketing strategies - public discourse Key Concepts behavioral economics social theory human nature Questions to Reflect On - What non‑economic factors most influence your decisions? - How can policies account for fairness concerns? A Different Perspective It may overstate the universality of these motives across cultures. ★ ★ ★ ★ ★ No ratings yet [Behavioral economics](https://sms4smile.com/quotes/about/behavioral-economics/) [Confidence](https://sms4smile.com/quotes/about/confidence/) [Justice](https://sms4smile.com/quotes/about/justice/) [Macroeconomics](https://sms4smile.com/quotes/about/macroeconomics/) [Money](https://sms4smile.com/quotes/about/money/) [Motivations](https://sms4smile.com/quotes/about/motivations/) ## Related quotes > [ “Excerpt from page 113 \[On Malaysia's Prime Minster's anti-capitalism and anti-globalization policies in September 1997\] "Ah, excuse me, Mahathir, but what planet are you… ](https://sms4smile.com/quotes/anonymous/excerpt-from-page-113-on-malaysia-s-prime-minster-s-anti-capitalism/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Microeconomics is about money you don't have, and macroeconomics is about money the government is out of.](https://sms4smile.com/quotes/anonymous/microeconomics-is-about-money-you-don-t-have-and-macroeconomics-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [January is always a good month for behavioral economics: Few things illustrate self-control as vividly as New Year's resolutions. February is even better, though,…](https://sms4smile.com/quotes/sendhil-mullainathan/january-is-always-a-good-month-for-behavioral-economics-few-things/) [Sendhil Mullainathan](https://sms4smile.com/quotes/author/sendhil-mullainathan/) > [“Wouldn't economics make a lot more sense if it were based on how people actually behave, instead of how they should behave?”](https://sms4smile.com/quotes/dan-ariely/wouldn-t-economics-make-a-lot-more-sense-if-it-were-based-on-how/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) > [“In fact quite generally, commercial advertising is fundamentally an effort to undermine markets. We should recognize that. If you’ve taken an economics course, you…](https://sms4smile.com/quotes/noam-chomsky/in-fact-quite-generally-commercial-advertising-is-fundamentally-an/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [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 important to…](https://sms4smile.com/quotes/richard-thaler/everyone-s-lost-a-lot-of-money-on-their-401k-plans-i-ve-heard-some/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [Behavioral economics can explain some things, but it's hard to explain a lot of the underlying processes that generate these decisions, much less some…](https://sms4smile.com/quotes/edward-boyden/behavioral-economics-can-explain-some-things-but-it-s-hard-to-explain/) [Edward Boyden](https://sms4smile.com/quotes/author/edward-boyden/) > [ \[There will be movement toward\] behavioral economics... \[which\] involves study of those aspects of men's images, or cognitive and affective structures that are more… ](https://sms4smile.com/quotes/kenneth-e-boulding/there-will-be-movement-toward-behavioral-economics-which-involves/) [Kenneth E. 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This self-imposed isolation must…](https://sms4smile.com/quotes/steve-keen/neoclassical-economics-has-effectively-insulated-itself-from-the/) [Steve Keen](https://sms4smile.com/quotes/author/steve-keen/) > [The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed…](https://sms4smile.com/quotes/richard-thaler/the-lesson-of-my-field-behavioral-economics-is-that-we-need-to/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [“Groups have powerful self-reinforcing mechanisms at work. These can lead to group polarization—a tendency for members of the group to end up in a…](https://sms4smile.com/quotes/james-montier/groups-have-powerful-self-reinforcing-mechanisms-at-work-these-can/) James Montier > [“ONE OF THE main differences between standard and behavioral economics involves this concept of “free lunches.” According to the assumptions of standard economics, all…](https://sms4smile.com/quotes/dan-ariely/one-of-the-main-differences-between-standard-and-behavioral-economics/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) > [One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.](https://sms4smile.com/quotes/dan-ariely/one-of-the-big-lessons-from-behavioral-economics-is-that-we-make/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) > [It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like…](https://sms4smile.com/quotes/dan-ariely/it-is-true-that-from-a-behavioral-economics-perspective-we-are/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) ## More by Anonymous > [And a tear rolled down her cheek, as she said goodbye; because she's walking away, and she's never looking back](https://sms4smile.com/quotes/anonymous/and-a-tear-rolled-down-her-cheek-as-she-said-goodbye-because-she-s/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Life is full of change. That's how we learn and grow.](https://sms4smile.com/quotes/anonymous/life-is-full-of-change-that-s-how-we-learn-and-grow/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [You'll seldom experience regret for anything that you've done. It is what you haven't done that will torment you. The message, therefore, is clear.…](https://sms4smile.com/quotes/anonymous/you-ll-seldom-experience-regret-for-anything-that-you-ve-done-it-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Scrabble - The game is available in Braille. That’s a nice fact. This makes me feel better about humanity for some reason. I can’t…](https://sms4smile.com/quotes/anonymous/scrabble-the-game-is-available-in-braille-that-s-a-nice-fact-this/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Everyone needs someone to love, and I choose you.](https://sms4smile.com/quotes/anonymous/everyone-needs-someone-to-love-and-i-choose-you/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“THIS tale of my sore-troubled life I write,    To thank the God of nature, who conveyed    My soul to me, and with such care…](https://sms4smile.com/quotes/anonymous/this-tale-of-my-sore-troubled-life-i-write-to-thank-the-god-of-nature/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Put on my J's and dance the whole night away Im naughty by nature like Im hip-hop hooray With my hands in the sky,…](https://sms4smile.com/quotes/anonymous/put-on-my-j-s-and-dance-the-whole-night-away-im-naughty-by-nature/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Me.. I have been through a lot, but I still manage to have a smile on my face. Im not worried about the past…](https://sms4smile.com/quotes/anonymous/me-i-have-been-through-a-lot-but-i-still-manage-to-have-a-smile-on-my/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Distance is a test of love. many will fail for those who can't withstand it, but for those who can, theres only one answer…](https://sms4smile.com/quotes/anonymous/distance-is-a-test-of-love-many-will-fail-for-those-who-can-t/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Im sorry I ever tried...](https://sms4smile.com/quotes/anonymous/im-sorry-i-ever-tried/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Being betrayed by the one you love is the worst feeling in the world...](https://sms4smile.com/quotes/anonymous/being-betrayed-by-the-one-you-love-is-the-worst-feeling-in-the-world/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Let children support their parents or be imprisoned.](https://sms4smile.com/quotes/anonymous/let-children-support-their-parents-or-be-imprisoned/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The only person I've ever purposely caused pain here is myself...By simply sharing, caring too much.](https://sms4smile.com/quotes/anonymous/the-only-person-i-ve-ever-purposely-caused-pain-here-is-myself-by/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Start a business, not a startup”](https://sms4smile.com/quotes/anonymous/start-a-business-not-a-startup/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The truth is, of course, that the curtness of the Ten Commandments is an evidence, not of the gloom and narrowness of a religion,…](https://sms4smile.com/quotes/anonymous/the-truth-is-of-course-that-the-curtness-of-the-ten-commandments-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) [Explore all 162,899 Anonymous quotes ](https://sms4smile.com/quotes/author/anonymous/) ## More Behavioral economics quotes > [It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like…](https://sms4smile.com/quotes/dan-ariely/it-is-true-that-from-a-behavioral-economics-perspective-we-are/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) > [One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.](https://sms4smile.com/quotes/dan-ariely/one-of-the-big-lessons-from-behavioral-economics-is-that-we-make/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) > [“ONE OF THE main differences between standard and behavioral economics involves this concept of “free lunches.” According to the assumptions of standard economics, all…](https://sms4smile.com/quotes/dan-ariely/one-of-the-main-differences-between-standard-and-behavioral-economics/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) > [“Groups have powerful self-reinforcing mechanisms at work. These can lead to group polarization—a tendency for members of the group to end up in a…](https://sms4smile.com/quotes/james-montier/groups-have-powerful-self-reinforcing-mechanisms-at-work-these-can/) James Montier > [The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed…](https://sms4smile.com/quotes/richard-thaler/the-lesson-of-my-field-behavioral-economics-is-that-we-need-to/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [“Neoclassical economics has effectively insulated itself from the great advances made in science and engineering over the last 40 years. This self-imposed isolation must…](https://sms4smile.com/quotes/steve-keen/neoclassical-economics-has-effectively-insulated-itself-from-the/) [Steve Keen](https://sms4smile.com/quotes/author/steve-keen/) > [“It is telling commentary on economic orthodoxy that a whole subdiscipline--behavioral economics--and a raft of lab experiments are needed to show that humans often…](https://sms4smile.com/quotes/kaushik-basu/it-is-telling-commentary-on-economic-orthodoxy-that-a-whole/) Kaushik Basu > [ \[There will be movement toward\] behavioral economics... \[which\] involves study of those aspects of men's images, or cognitive and affective structures that are more… ](https://sms4smile.com/quotes/kenneth-e-boulding/there-will-be-movement-toward-behavioral-economics-which-involves/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [Behavioral economics can explain some things, but it's hard to explain a lot of the underlying processes that generate these decisions, much less some…](https://sms4smile.com/quotes/edward-boyden/behavioral-economics-can-explain-some-things-but-it-s-hard-to-explain/) [Edward Boyden](https://sms4smile.com/quotes/author/edward-boyden/) > [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 important to…](https://sms4smile.com/quotes/richard-thaler/everyone-s-lost-a-lot-of-money-on-their-401k-plans-i-ve-heard-some/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [“In fact quite generally, commercial advertising is fundamentally an effort to undermine markets. We should recognize that. If you’ve taken an economics course, you…](https://sms4smile.com/quotes/noam-chomsky/in-fact-quite-generally-commercial-advertising-is-fundamentally-an/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [“Wouldn't economics make a lot more sense if it were based on how people actually behave, instead of how they should behave?”](https://sms4smile.com/quotes/dan-ariely/wouldn-t-economics-make-a-lot-more-sense-if-it-were-based-on-how/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) > [January is always a good month for behavioral economics: Few things illustrate self-control as vividly as New Year's resolutions. February is even better, though,…](https://sms4smile.com/quotes/sendhil-mullainathan/january-is-always-a-good-month-for-behavioral-economics-few-things/) [Sendhil Mullainathan](https://sms4smile.com/quotes/author/sendhil-mullainathan/) > [How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably…](https://sms4smile.com/quotes/charlie-munger/how-should-the-best-parts-of-psychology-and-economics-interrelate-in/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Retirement savings is probably behavioral economists' greatest success story. It is a prototypical behavioral-economics problem because saving for retirement is cognitively hard - figuring…](https://sms4smile.com/quotes/richard-thaler/retirement-savings-is-probably-behavioral-economists-greatest-success/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) [Browse all 28 Behavioral economics quotes ](https://sms4smile.com/quotes/about/behavioral-economics/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“... confidence, fairness, corruption, money illusion, and stories. These are real motivations for real people. They are ubiquitous. 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