Economist Quote by Daniel Kahneman Download Open image “Economists think about what people ought to do. Psychologists watch what they actually do.” — Daniel Kahneman ★ ★ ★ ★ ★ 3.3 out of 5 (9 ratings) Copy quoteShare Economist Ought People Psychologist Thinking Watches
Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do. — John Kenneth Galbraith Copy Share Image
Economists are behavioural psychologists, but they think more is better; they want to make everyone richer. They should pause. More's not necessarily better — David Hemenway Copy Share Image
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… — Charlie Munger Copy Share Image
In my opinion, economists and sociologists are the people to whom we ought to turn more than we do for instruction in the grounds… — Oliver Wendell Holmes, Jr Copy Share Image
...even professors of economics, to say nothing of the public, do not generally have scientific minds. — Frank Knight Copy Share Image
Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so they dont… — Thomas Piketty Copy Share Image
You know economists; they're the sort of people who see something works in practice and wonder if it would work in theory. — Ronald Reagan Copy Share Image
Economists are people who wonder if what works in reality can also work in theory. — Ronald Reagan Copy Share Image
Economists are like computers. They need to have facts punched into them. — Kenneth E. Boulding Copy Share Image
most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is… — Alice Rivlin Copy Share Image
Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy. — Adam Davidson Copy Share Image
“People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between… — Daniel Kahneman Copy Share Image
“Mood evidently affects the operation of System 1: when we are uncomfortable and unhappy, we lose touch with our intuition.” — Daniel Kahneman Copy Share Image
The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even… — Daniel Kahneman Copy Share Image
“So this is my aim for watercooler conversations: improve the ability to identify and understand errors of judgment and choice, in others and eventually… — Daniel Kahneman Copy Share Image
“For example, I recently came to doubt my long-held impression that adultery is more common among politicians than among physicians or lawyers.” — Daniel Kahneman Copy Share Image
Survival prospects are poor for an animal that is not suspicious of novelty. — Daniel Kahneman Copy Share Image
“the idea of money primes individualism: a reluctance to be involved with others, to depend on others, or to accept demands from others.” — Daniel Kahneman Copy Share Image
Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long;… — Daniel Kahneman Copy Share Image
“knowing little makes it easier to fit everything you know into a coherent pattern.” — Daniel Kahneman Copy Share Image
Experts don't know exactly where the boundaries of their expertise are. — Daniel Kahneman Copy Share Image
All of us would be better investors if we just made fewer decisions. — Daniel Kahneman Copy Share Image
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say. — Mark Zandi Copy Share Image
It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It… — Henry Hazlitt Copy Share Image
“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises… — Nassim Nicholas Taleb Copy Share Image
All professionals, whether physicists, economists or musicians, live by and for peer judgment, even when they are being paid by people who cannot tell… — Eric Hobsbawm Copy Share Image
Losses of a kind of satisfaction that have no market equivalent don't show up in the calculations of economists. — Ivan Illich Copy Share Image
Louis Kelso of San Francisco, a lawyer-economist, has for years felt that he has a radical answer to the problem. — William F. Buckley, Jr Copy Share Image
Economic theorists should not make such a production about taking a rabbit out of a hat after having put the rabbit into the hat… — Joan Robinson Copy Share Image
I have learned more [from Balzac] than from all the professional historians, economists, and statisticians put together. — Friedrich Engels Copy Share Image
The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use… — Barry Ritholtz Copy Share Image
Economists actually disagree about whether there are significant economic returns from attending an elite college versus a less-selective one. — Emily Oster Copy Share Image
However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance… — Paul Krugman Copy Share Image
I'm no economist. I don't even play one on TV. I'm just a husband, a father, a taxpayer. — Mark McKinnon Copy Share Image