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

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

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….

Retirement savings is probably behavioral economists' greatest success story. It is a prototypical behavioral-economics problem because saving for re….

Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're going to be the broker, we're going to….

LTCM lost money when Russia defaulted on a certain class of bonds, and then they had other investments like on the spread between two different kinds….

Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up 20 years later, he'd be ha….

It turns out, that men, when they're taking care of their business, they're not fully attending to the task at hand, but, I'm sure there's an evoluti….

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

Every American worker should be able to save for retirement via payroll deductions..

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

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

he card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping your card for $3 at Starbucks f….

Everyone's lost a lot of money on their 401k plans. I've heard some people calling them 201k plans. So it's even more important to get people to be s….

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

The same with the mortgage brokers that were selling people mortgages they couldn't afford. We shouldn't pay them on each mortgage they write. They s….

If people just put away what's left at the end of the month, that's a recipe for failure..

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..

Most people start claiming benefits within a year of when they become eligible, although benefits increase substantially if they wait..

The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So that guy making ten million a year….

If rather than setting the minimum balance as the lowest possible amount, so we keep people in debt for as long as possible, we raise the minimum pay….