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Richard Thaler Quotes: 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.


Richard Thaler
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"Richard Thaler Quotes." Quoteslyfe.com, 2024. Mon. 22 Jul. 2024. <https://www.quoteslyfe.com/quote/There-s-no-reason-to-think-that-997880>.





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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.



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.



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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I have never been able to resist a book about books.

I have never been able to resist a book about books.



I love being a part of something that is grassroots, and you can see the actual changes, the effect of what people do.

I love being a part of something that is grassroots, and you can see the actual changes, the effect of what people do.



A true champion is one who sweats from exhaustion when no one is watching.

A true champion is one who sweats from exhaustion when no one is watching.



Both of my parents are actually music teachers.

Both of my parents are actually music teachers.



My dentist said to me the other day: I've enough problems in my life, so why should I see your films?

My dentist said to me the other day: I've enough problems in my life, so why should I see your films?



We can't have these great corporations crowding competition off the sidewalks. It's like an elephant saying, "Everyone for himself," as he dances among the chickens.

We can't have these great corporations crowding competition off the sidewalks. It's like an elephant saying, "Everyone for himself," as he dances among the chickens.



We need to really use the full force of diplomacy. And we need to be seen and understood to be on the side of diplomacy and international law.

We need to really use the full force of diplomacy. And we need to be seen and understood to be on the side of diplomacy and international law.



If you are doing things in order to be happy... you're doing them in the wrong order.

If you are doing things in order to be happy... you're doing them in the wrong order.



We have a thousand points of light for the homeless man. We've got a kinder gentler machine gun hand.

We have a thousand points of light for the homeless man. We've got a kinder gentler machine gun hand.



The incredible thing happens at the beginning of the story always, you notice, not the end. A Sherlock Holmes story is never a trick story.

The incredible thing happens at the beginning of the story always, you notice, not the end. A Sherlock Holmes story is never a trick story.




Quote Description


This page presents the quote "There's no reason to think that markets always drive people to what's good for them.". Author of this quote is Richard Thaler. This quote is about no reason, people, reason, thinking,.