Admitting Quote by Robert J. Shiller

“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

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

Economists often get the market wrong.

— Kapil Sibal

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

“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

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

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use…

— Barry Ritholtz

Have you ever heard of the book 'Freakonomics?' So there's these two economics professors, and they're really interesting guys, and they wrote these books.…

— Oliver Luck

Economists are people who wonder if what works in reality can also work in theory.

— Ronald Reagan

Beware of economists who hide assumptions.

— Anat R. Admati

Economics is haunted by more fallacies than any other study known to man

— Henry Hazlitt

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