Share & Save
Meaning
The speaker is saying that behavioral economists describe economic decision-makers differently from more traditional economists. The focus is on how people actually behave, rather than on standard assumptions about agents in the economy.
When It Was Said
Not documented yet.
Who It Was Said To
Not documented yet.
Historical Context
Not documented yet.
Source
Not documented yet.
Original Language & Translation
Originally said in English.
Did They Really Say It?
Listed as attributed, with no source found on Wikiquote.
Did You Know?
Not documented yet.
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.
More from Richard Thaler (99 quotes) →Other sayings from Richard Thaler
- “It is true that I am one of the co-authors of 'Nudge,' and I am a behavioral economist, but it does not mean…”Richard Thaler
- “I am all for trying to teach household finance in schools, starting as early as possible. And when it comes t…”Richard Thaler
- “Arthur Laffer's idea, that lowering taxes could increase revenues, was logically correct. If tax rates are hi…”Richard Thaler
- “In some ways, the finding that financial education doesn't provide long-term payoffs is hardly surprising. Af…”Richard Thaler