Bad Quote by Richard Thaler

Behavioral economics can explain some things, but it's hard to explain a lot of the underlying processes that generate these decisions, much less some…

— Edward Boyden

Markets also have a very bad psychological effect. They drive people to a conception of themselves and society in which you're only after your…

— Noam Chomsky

Undervaluations caused by neglect or prejudice may persist for an inconveniently long time, and the same applies to inflated prices caused by over-enthusiasm or…

— Benjamin Graham

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

— Seth Klarman

“The psychological bias here is called competition neglect, and was initially identified by Camerer and Lovallo (1999). The bias is quite simply when people…

— Rich Jolly

There has been an overreliance on competition and self-regulation to constrain the excesses of market forces. This must change.

— Fumio Kishida

Markets tend to always overshoot when they get really ebullient.

— Stephen A. Schwarzman

“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

The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So…

— Randy Neugebauer

When marketers influence habits, they influence peoples' self-identity. And so when a group or company does something that doesn't correspond to our core values,…

— Charles Duhigg

Narrative drives most of economics. Everything seems to be part of a story, and how that story is told often leads to critical error.

— Barry Ritholtz

While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to…

— John C. Bogle