168 Quotes by Richard Thaler

I don't go by the ratings. I buy wine that tastes good. Statistically, anybody's ability to predict what will be a good wine a decade from now is limited.

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

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

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

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

I don’t go by the ratings. I buy wine that tastes good. Statistically, anybody’s ability to predict what will be a good wine a decade from now is limited.

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

I think the people who’ve been the most overconfident in our business in the last decade have been the people that called themselves risk managers.

I think one lesson we have to learn is that there’s a lot more risk than we’re giving credit to, a lot more what economist calls systematic risk.