Go Quote by Richard Thaler
“People make just as many mistakes when the stakes go up, maybe more.”
About This Quote
Source Book: Misbehaving, 2015
Higher stakes increase pressure, often leading to more errors rather than better performance.
In simple terms: More at stake can cause more mistakes.
Key Takeaway
Manage pressure to improve outcomes.
Themes
decision making
psychology
risk
Mood
analytical
practical
Type
behavioral
economic
When to use this quote
- trading
- sports
- exams
- negotiations
Key Concepts
behavioral economics
stress
performance anxiety
Questions to Reflect On
- How do you respond under pressure?
- What strategies reduce high‑stakes errors?
A Different Perspective
The effect varies by individual resilience.
