Economics Quote by Evan Davis

“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

“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

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

“Dan Ariely, author of Predictably Irrational, a book that offers an entertaining and engaging overview of behavioral economics.”

— Daniel H. Pink

“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

“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

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human…

— Dale T. Mortensen

The good news is that, at least in economics, I've seen movement away from its overemphasis on mathematical models of purely rational behavior to…

— 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

Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by…

— Andrew Lo

Economics is (now) about emotion and psychology.

— Robert J. Shiller