Behavioral economics Quote by Edward Boyden

How could economics not be behavioral? If it isn't behavioral, what the hell is it?

— Charlie Munger

One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

— Dan Ariely

Put simply, behavioural economics argues that human beings' decision-taking is guided by the evolutionary baggage which we bring with us to the present day.…

— Evan Davis

“ONE OF THE main differences between standard and behavioral economics involves this concept of “free lunches.” According to the assumptions of standard economics, all…

— Dan Ariely

We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are…

— 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

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

The great thing about behavioural psychology and economics is that they help us to see that there are actually pretty good reasons why human…

— Niall Ferguson

“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

I practice what has come to be called behavioral economics.

— Richard Thaler

Behavioral economics offers a plausible explanation for overreactions by the market. For example, a long period of bad performance can lead to stereotyping.

— Richard Thaler

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