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Richard Thaler Quotes: 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.
         

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.


Richard Thaler
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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.



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

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



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.





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Whatever situation you are in, you should find an opportunity to renew your strength in the Lord, so that your problems don’t affect your joy, your peace and rest.

Whatever situation you are in, you should find an opportunity to renew your strength in the Lord, so that your problems don’t affect your joy, your peace and rest.




LSD is a psychedelic drug which occasionally causes psychotic behavior in people who have NOT taken it.

LSD is a psychedelic drug which occasionally causes psychotic behavior in people who have NOT taken it.



Don't Just Do Something: Stand There. Don't Just Stand There: Do Something.

Don't Just Do Something: Stand There. Don't Just Stand There: Do Something.



If something is making us bored, we should probably keep it shorter.

If something is making us bored, we should probably keep it shorter.



If a man sets his heart on benevolence he will be free from evil.

If a man sets his heart on benevolence he will be free from evil.



After I convinced them that I was a harmless novelist, I actually got them to give me a tour of the harem - which is usually off limits for tourists.

After I convinced them that I was a harmless novelist, I actually got them to give me a tour of the harem - which is usually off limits for tourists.



When I edit, I'm not from the school of Hello, I'm a genius, so everybody shut up. I'm from the school of Let's play it once in front of an audience, and then I'll tell you where it is going

When I edit, I'm not from the school of Hello, I'm a genius, so everybody shut up. I'm from the school of Let's play it once in front of an audience, and then I'll tell you where it is going



Let us not decide what is good, but let it be considered good not to decide it.

Let us not decide what is good, but let it be considered good not to decide it.



You have been created by God and for God, and someday you will stand amazed at the simple yet profound ways He has used you even when you weren't aware of it.

You have been created by God and for God, and someday you will stand amazed at the simple yet profound ways He has used you even when you weren't aware of it.




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This page presents the quote "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.". Author of this quote is Richard Thaler. This quote is about giving credit, risk, economist, systematic, thinking, giving,.