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.
People worry that if they buy an annuity and then die before the policy starts to pay off, their heirs will lose out. I tell them, "What you should b… - Richard Thaler
People worry that if they buy an annuity and then die before the policy starts to pay off, their heirs will lose out. I tell them, "What you should b…
- Richard Thaler
So, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior. - Richard Thaler
So, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior.
There's no reason to think that markets always drive people to what's good for them. - Richard Thaler
There's no reason to think that markets always drive people to what's good for them.
My mantra is if you want to help people accomplish some goal, make it easy. - Richard Thaler
My mantra is if you want to help people accomplish some goal, make it easy.
The lesson from behavioral economics is that people only save if it's automatic. - Richard Thaler
The lesson from behavioral economics is that people only save if it's automatic.
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… - Richard Thaler
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…
A good rule of thumb is to assume that everything matters. - Richard Thaler
A good rule of thumb is to assume that everything matters.
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. - Richard Thaler
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.
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… - Richard Thaler
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…
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