Economists Quote by Richard Thaler

“Standard economics assumes that we are rational... But, as the results presented in this book (and others) show, we are far less rational in…

— Dan Ariely

If individuals are rational, there is no need to protect them against their own choices.

— Daniel Kahneman

We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are…

— Dan Ariely

Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to…

— Evan Davis

Rationality is not one of this industry's attributes.

— Scott Hamilton

I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered…

— George Soros

No rational argument will have a rational effect on a man who does not want to adopt a rational attitude.

— Karl Popper

“Cognitive scientists recognize two types of rationality: instrumental and epistemic. The simplest definition of instrumental rationality-the one that emphasizes most that it is grounded…

— Keith E. Stanovich

Economics is concerned with what emerges, not what anyone intended.

— Thomas Sowell

The term "rational" and its variants (rationality, rationalism) are used in a lot of contexts in economic debate, both positively and negatively, but nearly…

— John Quiggin

Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.

— Evan Davis

Researchers may like to think that, given all the facts, we make rational choices. Ask economists how that assumption works out for them. No,…

— Kyle Hill