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Richard Thaler Quotes: When an economist says the evidence is
         

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


Richard Thaler
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"Richard Thaler Quotes." Quoteslyfe.com, 2024. Mon. 22 Jul. 2024. <https://www.quoteslyfe.com/quote/When-an-economist-says-the-evidence-is-997875>.





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Other quotes of Richard Thaler


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.



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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All girls who seemed to have everything going for them. And decided they had nothing.

All girls who seemed to have everything going for them. And decided they had nothing.




A failure establishes only this that our determination to succeed was not strong enough.

A failure establishes only this that our determination to succeed was not strong enough.



Perhaps middle age is or should be a period of shedding shells the shell of ambition the shell of material accumulations and possessions the shell of the ego.

Perhaps middle age is or should be a period of shedding shells the shell of ambition the shell of material accumulations and possessions the shell of the ego.



The irony is that I'm actually a very empathetic person, but I don't believe in sympathy at all.

The irony is that I'm actually a very empathetic person, but I don't believe in sympathy at all.



I had a feeling it was gonna work out because not only did I enjoy the music and hit it off with the guys, but I was into theatrical rock and was willing to wear makeup and do anything to make it.

I had a feeling it was gonna work out because not only did I enjoy the music and hit it off with the guys, but I was into theatrical rock and was willing to wear makeup and do anything to make it.



Describe a circle, stroke its back and it turns vicious.

Describe a circle, stroke its back and it turns vicious.



Involvement in the arts engages kids in their community, improves self-esteem, reclaims at-risk youth, and builds the creative skills that are required of a 21st century workforce

Involvement in the arts engages kids in their community, improves self-esteem, reclaims at-risk youth, and builds the creative skills that are required of a 21st century workforce



The difference between those who do and those who don't is that those who don't believe it when they are told they can't.

The difference between those who do and those who don't is that those who don't believe it when they are told they can't.




Quote Description


This page presents the quote "When an economist says the evidence is &quot;mixed,&quot; he or she means that theory says one thing and data says the opposite.". Author of this quote is Richard Thaler. This quote is about economist, theory, evidence, opposites, data, mean, one thing,.