American - Economist | September 12, 1945 -
Doctors and hospitals should be paid for keeping their patients well. Paying them for doing more tests and surgeries creates bad incentives.
Richard Thaler
DoingBadMoreTestsPaidWell
We should at least make sure that patients are given the opportunity to opt out of spending their final days in a hospital, hooked up to tubes and running up enormous bills.
OpportunityHospitalOutUpDays
Tort reform is a complicated subject and not a panacea.
ComplicatedReformSubjectPanacea
When it comes to my health, I would rather my doctor base her decisions on science rather than what she, or some lawyer, thinks will stand up in court.
ScienceHealthDoctorLawyerStand
Social Security may be the most beloved of all the government's programs, partly because it requires so little thinking. You pay taxes while you work, then you and your spouse collect until you die.
WorkGovernmentThinkingDieYou
Claiming that Social Security benefits are safe may sound naive, but my view is actually quite cynical. I believe that as long as the elderly continue to vote in large numbers, no Congress will renege on promised payouts for those already eligible to receive benefits.
BelieveViewLongSecurityNumbers
Sunk costs? We pay too much attention to them.
AttentionToo MuchPayCostsMuch
The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.
YouPriceTwoSameEconomists
The Nobel Prize is going to be 'fun money' - for an occasion, when my wife and I want a $50 bottle of wine.
MoneyWifeFunWineWantGoing
A nudge is some feature of the environment that changes the behaviour of humans but would not change the behaviour of rational economic agents, what we call Econs.
ChangeEnvironmentChangesEconomic
Countries all around the world, starting with the U.K., have started behavioural insight teams, often referred to as nudge units. And they seem to be doing lots of good.
GoodWorldDoingInsightStarting
I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else.
ThinkRiseMoreEconomistsThan
Copyright © 2024 QuotesDict Richard Thaler quotes