Richard Thaler

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

Shopping for an annuity with hundreds of thousands of dollars at stake can be daunting, even for an economist.

— Richard Thaler

It makes sense for social scientists to become more involved in policy because many of society's most challenging problems are, in essence,…

— Richard Thaler

I don't think it says anywhere in the Bible that tithing should be calculated on a before-tax basis.

— Richard Thaler

Signing up to be an organ donor should be at least as easy as downloading a song to your iPhone.

— Richard Thaler

It would be much more consumer friendly for them to beep you when you swipe your card that says, uh-oh you're over…

— Richard Thaler

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

When employees are first eligible for a retirement savings plan, they should be enrolled unless they choose to opt out.

— Richard Thaler

We behavioralists differ from our more traditional brethren in the way we characterize agents in the economy.

— Richard Thaler

The voting public is not very good at attributing credit and blame to presidents. They get too much credit when things go…

— Richard Thaler

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

My thesis topic was 'The value of a human life.' I asked people a question: 'Suppose you had some risk, a one…

— Richard Thaler

Lotteries are just one way to provide positive reinforcement. Their power comes from the fact that the chance of winning the prize…

— Richard Thaler

Most economists, including me, agree that longevity insurance would make sense for a lot of people.

— Richard Thaler

Every American worker should be able to save for retirement via payroll deductions.

— Richard Thaler

If there is one thing that most economists agree about in the realm of tax policy, it is that it's best to…

— Richard Thaler

There's a second component of a good savings plan, which is something that a colleague of mine called Schlomo Benartzi and I…

— Richard Thaler

I don't go by the ratings. I buy wine that tastes good. Statistically, anybody's ability to predict what will be a good…

— Richard Thaler

Although the United States cannot unilaterally lower the price of oil, it can reduce its consumption by using oil more efficiently and…

— Richard Thaler

If you're not putting enough away for emergencies or retirement, making commitments in advance, such as signing up for payroll withholding, can…

— Richard Thaler

In a democracy, if a government creates bad policies, it can be voted out of office. Competition in the private sector, however,…

— Richard Thaler

"Save more tomorrow" is a nudge to help people do what they know they want to do, which is save more, but…

— Richard Thaler

God did not say that you should be able to borrow one hundred percent of the price of a house.

— Richard Thaler

The sad truth is that many behavioral economists know very little about psychology.

— Richard Thaler

A good rule of thumb is to assume that everything matters.

— Richard Thaler