--- title: "Meaning & Key Takeaway of: Banks are run by executives, and…" description: "\"Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.\" — Daniel Kahn..." image: "https://sms4smile.com/quotes/i/bfe/daniel-kahneman-431_behave_banks-are-run-by-executives-and-executiv_1296701.jpg" --- # Banks are run by executives, and executives protect… ![“Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.” quote by Daniel Kahneman](https://sms4smile.com/quotes/i/bfe/daniel-kahneman-431_behave_banks-are-run-by-executives-and-executiv_1296701.jpg) [Download](https://sms4smile.com/quotes/i/bfe/daniel-kahneman-431_behave_banks-are-run-by-executives-and-executiv_1296701.jpg) [Open image](https://sms4smile.com/quotes/i/bfe/daniel-kahneman-431_behave_banks-are-run-by-executives-and-executiv_1296701.jpg) > “Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.” [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Executives prioritize self‑interest, so banks may act irrationally despite formal rules. **In simple terms:** Bank leaders protect themselves, not always rational. Key Takeaway Watch for self‑serving bias in finance. Themes finance human behavior risk governance Mood cautious analytical Type observational critical When to use this quote - investment decisions - policy making - corporate oversight - risk assessment Key Concepts principal‑agent problem behavioral economics moral hazard Questions to Reflect On - How can incentives be aligned with rational outcomes? - What safeguards reduce irrational banking behavior? 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