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Richard Thaler Quotes: 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, that we call
         

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, that we call "save more tomorrow."


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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Who can redeem us from our sins? ONLY the Saviour, Jesus Christ.

Who can redeem us from our sins? ONLY the Saviour, Jesus Christ.



You don't go walking into the proverbial lion's den lightly. You start with a good breakfast.

You don't go walking into the proverbial lion's den lightly. You start with a good breakfast.



Without confidence we feel insecure. We replay the doubting voices of our parents on a loop in our own minds.

Without confidence we feel insecure. We replay the doubting voices of our parents on a loop in our own minds.



NO!”The scream was the more terrible because he had never expected or dreamed that Professor McGonagall could make such a sound.

NO!”The scream was the more terrible because he had never expected or dreamed that Professor McGonagall could make such a sound.



Look wise say nothing and grunt. Speech was given to conceal thought.

Look wise say nothing and grunt. Speech was given to conceal thought.



I got put into leadership roles very early in life from fifth grade, sixth grade. I always ended up being the quarterback or the leader of the sports teams, and it's kind of benefiting me now.

I got put into leadership roles very early in life from fifth grade, sixth grade. I always ended up being the quarterback or the leader of the sports teams, and it's kind of benefiting me now.



I want my body to help fertilize the growth of a cactus or cliff rose or sagebrush or tree.

I want my body to help fertilize the growth of a cactus or cliff rose or sagebrush or tree.



The individual couldn't find any attention in Italy.

The individual couldn't find any attention in Italy.



Intent on one great love, perfect, Requited and for ever, I missed love's everywhere Small presence, thousand-guised.

Intent on one great love, perfect, Requited and for ever, I missed love's everywhere Small presence, thousand-guised.



I am very fit and by playing sweeper I can control the speed of the game.

I am very fit and by playing sweeper I can control the speed of the game.




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This page presents the quote "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, that we call &quot;save more tomorrow.&quot;". Author of this quote is Richard Thaler. This quote is about saving, savings, years ago, tomorrow, years,.