Bothered Quote by George Soros

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

When you look at any experimental work not directly related to economics, but trying to test rational behavior in other ways, experiments have conspicuously…

— Kenneth Arrow

Economists discount any factors that would not influence the thinking of a rational person.

— Richard Thaler

“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

Most investors give too much credence to the theory that prices are rational; they presume that a market collapse must have been justified by…

— Kenneth Fisher

It seems to me that at least as far as the financial markets are concerned, there is increasing evidence against rational expectations, even at…

— Kenneth Arrow

“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 hated discussing ideas with investors, because then I become a Defender of the Idea, and that influences your thought process.

— Michael Burry

If I subscribed to the efficient market theory I would still be delivering papers

— Warren Buffett

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

“People ignore facts which contradict the theory in the mind of the investor. Dis-confirming evidence must be seeked out to beat this theory.”

— Manoj Arora

The point of studying economics is so as not to be fooled by economists.

— Joan Robinson