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Richard Thaler Quotes: The assumption that everybody will figure out how much they have to save and then will just implement that plan is obviously preposterous.
         

The assumption that everybody will figure out how much they have to save and then will just implement that plan is obviously preposterous.


Richard Thaler
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"Richard Thaler Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/The-assumption-that-everybody-will-figure-out-997887>.





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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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Frequently in life, you have to take irrelevant paths in order to reach the correct destination.

Frequently in life, you have to take irrelevant paths in order to reach the correct destination.



The best way to not get your heart broken, is pretending you don't have one.

The best way to not get your heart broken, is pretending you don't have one.



I had a dream about you, and in the dream you were dreaming of me. We were meant for each other subconsciously.

I had a dream about you, and in the dream you were dreaming of me. We were meant for each other subconsciously.



Sacrifice is at the heart of repentance. Without deeds, your apology is worthless.

Sacrifice is at the heart of repentance. Without deeds, your apology is worthless.



The child in you like all children loves to laugh to be around people who can laugh at themselves and life. Children instinctively know that the more laughter we have in our lives the better.

The child in you like all children loves to laugh to be around people who can laugh at themselves and life. Children instinctively know that the more laughter we have in our lives the better.



Our Congressmen are the finest body of men money can buy.

Our Congressmen are the finest body of men money can buy.



I came along at a time when the industry was eating its young.

I came along at a time when the industry was eating its young.



What is meditation? When you empty yourself and let the universe come in you.

What is meditation? When you empty yourself and let the universe come in you.



I speak my mind. That's who I am.

I speak my mind. That's who I am.



I don't have time for a stroke!

I don't have time for a stroke!




Quote Description


This page presents the quote "The assumption that everybody will figure out how much they have to save and then will just implement that plan is obviously preposterous.". Author of this quote is Richard Thaler. This quote is about assumption, figures, plans,.