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Steven Levitt Quotes: When people don’t pay the true cost of something, they tend to consume it inefficiently.
         

When people don’t pay the true cost of something, they tend to consume it inefficiently.


Steven Levitt
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"Steven Levitt Quotes." Quoteslyfe.com, 2024. Sun. 28 Apr. 2024. <https://www.quoteslyfe.com/quote/When-people-don-t-pay-the-true-1080467>.




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Other quotes of Steven Levitt


The conventional wisdom is often wrong.

The conventional wisdom is often wrong.



No matter how expert you may be, well-designed checklists can improve outcomes.

No matter how expert you may be, well-designed checklists can improve outcomes.



Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.

Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.



An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation

An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation



Solving a problem is hard enough; it gets that much harder if you’ve decided beforehand it can’t be done.

Solving a problem is hard enough; it gets that much harder if you’ve decided beforehand it can’t be done.



Purity is a good mask for corruption because it discourages inquiry.

Purity is a good mask for corruption because it discourages inquiry.



Data, I think, is one of the most powerful mechanisms for telling stories. I take a huge pile of data and I try to get it to tell stories.

Data, I think, is one of the most powerful mechanisms for telling stories. I take a huge pile of data and I try to get it to tell stories.



If you own a gun and have a swimming pool in the yard, the swimming pool is almost 100 times more likely to kill a child than the gun is.

If you own a gun and have a swimming pool in the yard, the swimming pool is almost 100 times more likely to kill a child than the gun is.



Scarcity is a captivating book, overflowing with new ideas, fantastic stories, and simple suggestions that just might change the way you live.

Scarcity is a captivating book, overflowing with new ideas, fantastic stories, and simple suggestions that just might change the way you live.



Don't trust, just verify.

Don't trust, just verify.





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Luck is merely a product of the happily delusional mind.

Luck is merely a product of the happily delusional mind.



We have all been hurt at some point in our lives, from a spouse, a friend, an employer, a co-worker, a pastor and sometimes the wounds are so deep we wonder if they will ever heal.

We have all been hurt at some point in our lives, from a spouse, a friend, an employer, a co-worker, a pastor and sometimes the wounds are so deep we wonder if they will ever heal.



We fight because we fail to really understand why we fight

We fight because we fail to really understand why we fight



In order to be irreplaceable one must always be different.

In order to be irreplaceable one must always be different.



It's nice that HBO is in business with the audience and not with the advertisers. There's a difference.

It's nice that HBO is in business with the audience and not with the advertisers. There's a difference.



It may be a coincidence, but from the minute I took anti-depressants, I didn't pick up a guitar or a pen for seven years.

It may be a coincidence, but from the minute I took anti-depressants, I didn't pick up a guitar or a pen for seven years.



I expect at some point I'll probably want to go back on stage and do some theater, because I've not done theater in 10 years.

I expect at some point I'll probably want to go back on stage and do some theater, because I've not done theater in 10 years.



When I knew what I had to do / I took all my notebooks, all my manuscripts / and ate them page by page / so I could take my words with me

When I knew what I had to do / I took all my notebooks, all my manuscripts / and ate them page by page / so I could take my words with me



In their pursuit of the same supreme end, Matisse and Picasso stand side by side, Matisse representing color and Picasso form.

In their pursuit of the same supreme end, Matisse and Picasso stand side by side, Matisse representing color and Picasso form.




Quote Description


This page presents the quote "When people don’t pay the true cost of something, they tend to consume it inefficiently.". Author of this quote is Steven Levitt. This quote is about pay, people, cost,.