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Behavioral economics Quote by Richard Thaler

“The lesson from behavioral economics is that people only save…” quote by Richard Thaler — Download Open image

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

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More by Richard Thaler

The Nobel Prize is going to be 'fun money' - for an occasion, when my wife and I want a $50 bottle of wine.

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In some ways, the finding that financial education doesn't provide long-term payoffs is hardly surprising. After all, how much do you remember from your…

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Fortunately, economists open to new ways of thinking are finding novel ways to use supposedly irrelevant factors to make the world a better place.

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If people just put away what's left at the end of the month, that's a recipe for failure.

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The wealth in many large estates has never been taxed because it is largely in the form of unrealized - therefore untaxed - capital…

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The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed…

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I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else.

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There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.

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For amateur golfers, I think one of the biggest mistakes is to model their play on professionals.

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he card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping your card…

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We all need a lot of humility, and especially about the economy.

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Social Security may be the most beloved of all the government's programs, partly because it requires so little thinking. You pay taxes while you…

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Explore all 141 Richard Thaler quotes

More Behavioral economics quotes

It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like…

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One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

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“ONE OF THE main differences between standard and behavioral economics involves this concept of “free lunches.” According to the assumptions of standard economics, all…

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“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…

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The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed…

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“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…

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[There will be movement toward] behavioral economics... [which] involves study of those aspects of men's images, or cognitive and affective structures that are more…

Kenneth E. Boulding

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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…

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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…

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“In fact quite generally, commercial advertising is fundamentally an effort to undermine markets. We should recognize that. If you’ve taken an economics course, you…

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“Wouldn't economics make a lot more sense if it were based on how people actually behave, instead of how they should behave?”

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January is always a good month for behavioral economics: Few things illustrate self-control as vividly as New Year's resolutions. February is even better, though,…

Sendhil Mullainathan

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Browse all 27 Behavioral economics quotes