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Richard Thaler Quotes: I think we also have learned the lesson that we have to have better incentive structures.
         

I think we also have learned the lesson that we have to have better incentive structures.


Richard Thaler
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"Richard Thaler Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/I-think-we-also-have-learned-the-997892>.





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Other quotes of Richard Thaler


When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.

When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.



My mantra is if you want to help people accomplish some goal, make it easy.

My mantra is if you want to help people accomplish some goal, make it easy.



There's no reason to think that markets always drive people to what's good for them.

There's no reason to think that markets always drive people to what's good for them.



People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.

People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.



Recall that people like to do what most people think it is right to do; recall too that people like to do what most people actually do.

Recall that people like to do what most people think it is right to do; recall too that people like to do what most people actually do.



The lesson from behavioral economics is that people only save if it's automatic.

The lesson from behavioral economics is that people only save if it's automatic.



So, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior.

So, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior.



Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.

Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.



A good rule of thumb is to assume that everything matters.

A good rule of thumb is to assume that everything matters.



There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.

There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.





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Worry looks back, Hope looks forward, but Faith always looks up.

Worry looks back, Hope looks forward, but Faith always looks up.



Good horror offers a sense of an upended, lawless world and that’s appealing to anyone who grew up feeling like an outsider.

Good horror offers a sense of an upended, lawless world and that’s appealing to anyone who grew up feeling like an outsider.



Happiness is the bomb cosmetic! When I'm smiling, sometimes I'm giving thanks for all the things I have rather than worrying about the things I don't.

Happiness is the bomb cosmetic! When I'm smiling, sometimes I'm giving thanks for all the things I have rather than worrying about the things I don't.



Asking an incumbent member of Congress to vote for term limits is a bit like asking a chicken to vote for Colonel Sanders.

Asking an incumbent member of Congress to vote for term limits is a bit like asking a chicken to vote for Colonel Sanders.



My parents encouraged me in everything I ever wanted to do.

My parents encouraged me in everything I ever wanted to do.



You are not creating a new you; you are releasing a hidden you. The process is one of self discovery. The hidden you that wants to emerge is in perfect balance.

You are not creating a new you; you are releasing a hidden you. The process is one of self discovery. The hidden you that wants to emerge is in perfect balance.



I'm a feminist, but I think that romance has been taken away a bit for my generation.

I'm a feminist, but I think that romance has been taken away a bit for my generation.



[Two Evil Eyes] was shot in Pittsburgh, and that's where I was born and raised, so it was really nice to be a part of Pittsburgh film culture.

[Two Evil Eyes] was shot in Pittsburgh, and that's where I was born and raised, so it was really nice to be a part of Pittsburgh film culture.



I went to public - I graduated from publics - Westchester High. I'm a product of LA Unified.

I went to public - I graduated from publics - Westchester High. I'm a product of LA Unified.



The mind enters itself, and God the mind, And one is One, free in the tearing wind.

The mind enters itself, and God the mind, And one is One, free in the tearing wind.




Quote Description


This page presents the quote "I think we also have learned the lesson that we have to have better incentive structures.". Author of this quote is Richard Thaler. This quote is about thinking, incentives, lessons,.