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….

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

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….

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

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….

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

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….

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

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….

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..

Credit cards have been extremely profitable to banks. They're profitable not from the fees they collect from the retailers that use the credit cards,….

There's a second component of a good savings plan, which is something that a colleague of mine called Schlomo Benartzi and I developed many years ago….

When should we nudge and when should we shove, I think, it's a political judgment. Obviously in some situations we need shoves, we need laws. Fraud i….

"Save more tomorrow" is a nudge to help people do what they know they want to do, which is save more, but they can't bring themselves to save more no….

Is there a market for somebody selling a credit card that helps people pay down their balances? I think the question is yes. But it would have to be ….

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

Most economists, including me, agree that longevity insurance would make sense for a lot of people..

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..

It would be much more consumer friendly for them to beep you when you swipe your card that says, uh-oh you're over your limit, are you sure you want ….