We can see here why many groups fall prey to what is known as “collective conservatism”: the tendency of groups to stick to established patterns even as new needs arise. Once a practice (like wearing ties) has become established, it is likely to be perpetuated, even if there is no particular basis for it.
-Richard H. Thaler
Select a background
More quotes by Richard H. Thaler
Popular Authors
A curated listing of popular authors.