Choice Quote by Richard H. Thaler

“A nudge, as we will use the term, is any aspect of the choice architecture that alters people’s behavior in a predictable way without forbidding any options or significantly changing their economic incentives.” quote by Richard H. Thaler — Download Open image

““A nudge, as we will use the term, is any aspect of the choice architecture that alters people’s behavior in a predictable way without forbidding any options or significantly changing their economic incentives.””

Richard H. Thaler

★ ★ ★ ★ ★ 4.6 out of 5 (6 ratings)

Choice Habits

More by Richard H. Thaler

“10. Calories count in New York City. The Big Apple recently adopted a law that requires fast-food restaurants with at least fifteen outlets in…

Richard H. Thaler

Image

“I began to have deviant thoughts about economic theory while I was a graduate student”

Richard H. Thaler

Image

“specific values to objects. When they have to give something up, they are hurt more than they are pleased if they acquire the very…

Richard H. Thaler

Image

“Hundreds of studies confirm that human forecasts are flawed and biased. Human decision making is not so great either. Again to take just one…

Richard H. Thaler

Image

“John Rawls (1971) called the publicity principle. In its simplest form, the publicity principle bans government from selecting a policy that it would not…

Richard H. Thaler

Image

“Our principal claim here is that patients and doctors should be free to make their own agreements about that right. If patients want to…

Richard H. Thaler

Image

“We are also greatly influenced by consumption norms within the relevant group. A light eater eats much more in a group of heavy eaters. A heavy eater will show more restraint in a light-eating group. The group average thus exerts a significant influence. But there are gender differences as well. Women often eat less on dates; men tend to eat…

Richard H. Thaler