"Behavioral economists have shown that a sizable percentage……" — James Surowiecki
"Behavioral economists have shown that a sizable percentage of people are willing to pay real money to punish people who are taking from a common pot but not contributing to it. Just to insure that shirkers get what they deserve, we are prepared to make ourselves poorer."
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James Surowiecki
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150 Quotes by James Surowiecki
James Surowiecki has 150 quotes on this site.
A few more worth reading:
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Auto repair, piloting, skiing, perhaps even management: these are skills that yield to application, hard work, and native talent. But…
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Lack of confidence, sometimes alternating with unrealistic dreams of heroic success, often leads to procrastination, and many studies suggest that…
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It's a familiar truism that at any one moment, financial markets are dominated by either fear or greed. But the…
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Bubbles and crashes are textbook examples of collective decision making gone wrong. In a bubble, all of the conditions that…
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If small groups are included in the decision-making process, then they should be allowed to make decisions. If an organization…
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Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or…
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Groups are only smart when there is a balance between the information that everyone in the group shares and the…
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But, if recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation…
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Paradoxically, the best way for a group to be smart is for each person in it to think and act…
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This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises.…
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The fact that cognitive diversity matters does not mean that if you assemble a group of diverse but thoroughly uninformed…
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One key to successful group decisions is getting people to pay much less attention to what everyone else is saying.
See all 150 quotes by James Surowiecki »
More Behavioral Quotes
This quote is filed under Behavioral Quotes,
one of 65 quotes in that category. Here are a few more:
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Cats are a standing rebuke to behavioral scientists wanting to know how the minds of animals work. The mind of…
— Lewis Thomas
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Personal power involves producing success through modeling what works and taking consistent action towards your goals. At the same time,…
— Tony Robbins
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There are people who were gay and lived the gay lifestyle and aren’t anymore. I don’t know if that’s the…
— Rick Santorum
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Treatment Plans and Interventions for Depression and Anxiety Disorders provides clinicians with essential guidelines to treat patients in the era…
— Judith S. Beck
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Faith in the gospel restructures our motivations, our self-understanding, our identity, and our view of the world. Behavioral compliance to…
— Timothy Keller
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Behavioral design is all about feeling in control. Includes: usability, understanding, but also the feel.
— Donald A. Norman
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These people are obsessive. They go overboard interpreting verbal and behavioral cues that take them way beyond reality.
— Cary Cooper
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The most recent studies, . . . both behavioral and biological, indicate one's sexual orientation is genetic, something one is…
— Peter McWilliams
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
— Daniel Kahneman
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Thus if we know a child has had sufficient opportunity to observe and acquire a behavioral sequence, and we know…
— Urie Bronfenbrenner
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Loss of social standing is an ever-present threat for individuals whose social acceptance is based on behavioral traits rather than…
— Melissa Harris-Perry
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I used to think that good short-sellers could be trained like long-focused value investors because it should be the same…
— James Chanos
See all 65 Behavioral Quotes »