American - Economist | September 12, 1945 -
I practice what has come to be called behavioral economics.
Richard Thaler
PracticeEconomicsComeBehavioral
If you're trading individual securities, you're almost certainly making a mistake. Because most professional managers can't outperform their benchmarks, and there's little reason to think that individuals can.
MistakeThinkYouProfessionalMost
It's not that we can predict bubbles - if we could, we would be rich. But we can certainly have a bubble warning system.
RichBubblePredictBubblesSystem
Coining a term is not the same as creating a field!
CreatingSameFieldTerm
We could all use more coaching.
CoachingMoreUseCould
There's a reason why start-ups, especially disruptive start-ups - like Google or Amazon or Uber - are full of young people. That's because young people are not as wedded to the old fashioned ways of doing things.
PeopleDoingYoungWhyGoogleOld
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.
BusinessDataEasyHereWebGuiding
Shopping for an annuity with hundreds of thousands of dollars at stake can be daunting, even for an economist.
ShoppingEvenDollarsStakeDaunting
It's hard to have any idea of how much money is enough to finance an appropriate lifestyle in retirement. But if a lump sum is translated into a monthly income, it's much easier to determine whether you have enough put away to afford to stop working.
MoneyFinanceRetirementEnoughYou
When it comes to assessing the chances of some complicated combination of events, gut feelings are pretty much useless.
FeelingsComplicatedEventsUseless
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.
WallsNewspaperPayProducerUp
We behavioralists differ from our more traditional brethren in the way we characterize agents in the economy.
WayMoreEconomyTraditionalOur
Copyright © 2024 QuotesDict Richard Thaler quotes