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Richard Thaler Quotes: A good rule of thumb is to assume that everything matters.
         

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


Richard Thaler
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"Richard Thaler Quotes." Quoteslyfe.com, 2024. Sat. 20 Jul. 2024. <https://www.quoteslyfe.com/quote/A-good-rule-of-thumb-is-to-997879>.





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Other quotes of Richard Thaler


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

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



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

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



There's no reason to think that markets always drive people to what's good for them.

There's no reason to think that markets always drive people to what's good for them.



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

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



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.

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.



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

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



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

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



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 it.

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 it.



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

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



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





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Right it is to be taught even by the enemy.

Right it is to be taught even by the enemy.



Promise and pie-crust are made to be broken.

Promise and pie-crust are made to be broken.



Capitalism is always evaluated against dreams. Utopia is a dream. It doesn't exist.

Capitalism is always evaluated against dreams. Utopia is a dream. It doesn't exist.



Do not travel to other dusty lands, forsaking your own sitting place; if you cannot find the truth where you are now, you will never find it.

Do not travel to other dusty lands, forsaking your own sitting place; if you cannot find the truth where you are now, you will never find it.



None, but people of strong passion are capable of rising to greatness.

None, but people of strong passion are capable of rising to greatness.



Leaders must understand that some people will inevitably sell out to the evil side. Don't waste your time wondering why; spend your time discovering who.

Leaders must understand that some people will inevitably sell out to the evil side. Don't waste your time wondering why; spend your time discovering who.



She let herself love me for three minutes. Can three minutes last forever? I ask myself, but already know the answer. Probably not, I reply. But maybe they last long enough.

She let herself love me for three minutes. Can three minutes last forever? I ask myself, but already know the answer. Probably not, I reply. But maybe they last long enough.



I think the worst thing is stereotyping.

I think the worst thing is stereotyping.



To know one's Self is to be blissful always.

To know one's Self is to be blissful always.



We can learn to be the catalysts for our own change.

We can learn to be the catalysts for our own change.




Quote Description


This page presents the quote "A good rule of thumb is to assume that everything matters.". Author of this quote is Richard Thaler. This quote is about matter, thumbs, risk,.