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Richard Thaler Quotes: 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.


Richard Thaler
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"Richard Thaler Quotes." Quoteslyfe.com, 2024. Tue. 18 Jun. 2024. <https://www.quoteslyfe.com/quote/People-exaggerate-their-own-skills-they-are-997884>.





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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.



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.



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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Words are free, action is not.

Words are free, action is not.



He felt like a brother of mine, but not at all like my actual brother. He seemed like someone I'd always know even if I never saw him again.

He felt like a brother of mine, but not at all like my actual brother. He seemed like someone I'd always know even if I never saw him again.



Con men look for human frailty to exploit. This is most often greed. Trump found a different vice: anger. The emotional are always the most susceptible to manipulation.

Con men look for human frailty to exploit. This is most often greed. Trump found a different vice: anger. The emotional are always the most susceptible to manipulation.



For none can express thee, though all should approve thee. I love thee so, Dear, that I only can love thee.

For none can express thee, though all should approve thee. I love thee so, Dear, that I only can love thee.



The most stirring battle-poem in English is about a brigade of cavalry which charged in the wrong direction.

The most stirring battle-poem in English is about a brigade of cavalry which charged in the wrong direction.



It's nice to have some anonymity and still be low key.

It's nice to have some anonymity and still be low key.



Frightened, I jump up from the bank, the struggle begins anew. Bitterness has returned. I am not Pan in the reed, I am merely a human being and want to climb a few steps, but really climb them.

Frightened, I jump up from the bank, the struggle begins anew. Bitterness has returned. I am not Pan in the reed, I am merely a human being and want to climb a few steps, but really climb them.



We gain justice, judgment, with years, or else years are in vain.

We gain justice, judgment, with years, or else years are in vain.



It is not a question of who dances but of who or what does not dance.

It is not a question of who dances but of who or what does not dance.



Don't take life so serious. It ain't no-hows permanent.

Don't take life so serious. It ain't no-hows permanent.




Quote Description


This page presents the quote "People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.". Author of this quote is Richard Thaler. This quote is about prospects, optimistic, managers, people, overconfident, including, skills,.