Bad Quote by Richard Thaler

Strong feelings are fine; it's the overreactions that mess us up.

— Albert Ellis

The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.

— Seth Klarman

I practice what has come to be called behavioral economics.

— Richard Thaler

It is true that I am one of the co-authors of 'Nudge,' and I am a behavioral economist, but it does not mean that…

— Richard Thaler

In the world of traditional economics, it shouldn't matter whether you use an opt-in or opt-out system. So long as the costs of registering…

— Richard Thaler

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

The lesson from behavioral economics is that people only save if it's automatic.

— Richard Thaler

Retirement savings is probably behavioral economists' greatest success story. It is a prototypical behavioral-economics problem because saving for retirement is cognitively hard - figuring…

— Richard Thaler

Everyone's lost a lot of money on their 401k plans. I've heard some people calling them 201k plans. So it's even more important to…

— Richard Thaler

“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

“Neoclassical economics has effectively insulated itself from the great advances made in science and engineering over the last 40 years. This self-imposed isolation must…

— Steve Keen

“Groups have powerful self-reinforcing mechanisms at work. These can lead to group polarization—a tendency for members of the group to end up in a…

— James Montier