Behavioral-finance Quote by Naved Abdali

“Are changes in the economy caused by changes in the mental state of society?”

— Dimitri Maex

Economics is (now) about emotion and psychology.

— Robert J. Shiller

The "human condition" is always to push forward for the better and economics is the study of that process.

— Brian Wesbury

“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

“Many reasons had been given, and every man adopted the rationale which suited his own particular emotionality. But what seemed obvious at the time…

— Robert Sheckley

“If we can agree that the economic problem of society is mainly one of rapid adaptation to changes in the particular circumstances of time…

— Friedrich A. Hayek

[There will be movement toward] behavioral economics... [which] involves study of those aspects of men's images, or cognitive and affective structures that are more…

— Kenneth E. Boulding

“Thinking ‘economistically’, as we have done now for thirty years, is not intrinsic to humans.”

— Tony Judt

The trouble with psychology is that it doesn't take human nature into account.

— Ruth Rendell

How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably…

— Charlie Munger

Modern economic thinking...is peculiarly unable to consider the long term and to appreciate man's dependence on the natural world.

— E. F. Schumacher

Economists think about what people ought to do. Psychologists watch what they actually do.

— Daniel Kahneman