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Meaning
Choosing an annuity can feel intimidating because the money involved is large and the decision has serious consequences. The quote suggests that even someone with expert training may find the process stressful or confusing.
When It Was Said
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Who It Was Said To
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Historical Context
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Source
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Original Language & Translation
Originally said in English.
Did They Really Say It?
No source found on Wikiquote; the quote is listed as attributed to Richard Thaler.
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About Richard Thaler
American economist, behavioral scientist
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.
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