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Richard Thaler

American economist, behavioral scientist99 QUOTES

Browse 99 quotes by Richard Thaler — Richard Thaler’s favorite and most popular sayings, only on dailyquotes.wiki.

Richard H. Thaler is an American economist and behavioral scientist. He is the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business, and he served as president of the American Economic Association in 2015. Thaler is known for his work in behavioral economics, a field that examines how real people make economic decisions, often in ways that depart from standard theory. His writing and scholarship helped bring attention to the role of psychology in economic life and to the choices people make in markets, institutions, and everyday decisions.

“אנחנו מגדירים אדריכלי בחירה כמי שאחראים לארגון ההקשר שבו אנשים מקבלים החלטות.”

“יש לבני אדם נטייה חזקה לבחור במצב הקיים או באפשרות ברירת המחדל.”

“מנהיגים פוליטיים לא מגלים את כל השיקולים מאחורי החלטה מסוימת. בספורט בכל פעם ששתי קבוצות משחקות זה כמו לצפות במשחק שחמט.”

“חברות שמתכננות לעשות עסקים עם אותם לקוחות במשך הרבה זמן צריכות להעריך מה אותם לקוחות תופסים כבעל ערך, כי יש להן מה להפסיד אם הן ייראו לא הוגנות.”

“סלידה מהפסד היא כנראה הכוח הכי חזק בעולם הכלכלה.”

“אני נוהג לומר שאין שום דבר שגוי בתיאוריות הכלכליות הוותיקות, אלא אם כן אתה חושב שהן נכונות.”

“אנשים רגילים סובלים מהטיות, נכנעים לפיתויים וצריך להפעיל עליהם כל מיני אסטרטגיות כדי לגרום להם לעשות את הדבר הנכון.”

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

“Economists discount any factors that would not influence the thinking of a rational person.”

“If we think that high marginal tax rates are bad because they distort incentives, the same is then true for tax subsidies.”

“Shopping for an annuity with hundreds of thousands of dollars at stake can be daunting, even for an economist.”

“One of society's thorniest problems is that children from poor families start school lagging badly behind their more affluent classmates in readiness.”

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

“Sunk costs? We pay too much attention to them.”

“The voting public is not very good at attributing credit and blame to presidents. They get too much credit when things go well and too much blame when things go badly. The same applies to coaches, C.E.O.'s, parents, and anyone else in charge.”

“In the world of traditional economics, it shouldn't matter whether you use an opt-in or opt-out system. So long as the costs of registering as a donor or a nondonor are low, the results should be similar. But many findings of behavioral economics show that tiny disparities in such rules can make a big difference.”

“The government employs scientists of many varieties in technical capacities, from estimating the environmental toxicity of a chemical to the structural soundness of a bridge. But when it comes to forming policies, these scientists and, especially, behavioral scientists are rarely at the table with the lawyers and the economists.”

“As a general rule, the United States government is run by lawyers who occasionally take advice from economists. Others interested in helping the lawyers out need not apply.”

“As both a consumer and producer of newspaper articles, I have no beef with pay walls. But before signing up, I read the fine print.”

“Here is a guiding principle: If a business collects data on consumers electronically, it should provide them with a version of that data that is easy to download and export to another Web site.”