Assuming Quote by Dan Ariely

“Standard economics assumes that we are rational... But, as the results presented in this book (and others) show, we are far less rational in…

— Dan Ariely

“our irrationality happens the same way, again and again. Whether we are acting as consumers, businesspeople, or policy makers, understanding how we are predictably…

— Dan Ariely

Humans are hard-wired to be irrational when it comes to financial decisions. We must understand that so we don't become the sucker at the…

— Whitney Tilson

Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.

— Evan Davis

While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to…

— John C. Bogle

“One conceit of economics is that markets as a whole can perform fairly rationally, even if many of the participants within them are irrational.…

— Nate Silver

Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by…

— Robert J. Shiller

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

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…

— Edward Boyden

It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like…

— Dan Ariely

“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…

— Kaushik Basu

Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to…

— Evan Davis