Best quotes by Richard Thaler on People

Checkout quotes by Richard Thaler on People

• ‟ Real people have trouble balancing their checkbooks, much less calculating how much they need to save for retirement; they sometimes binge on food, drink, or high-definition televisions. They are more like Homer Simpson than Mr. Spock.

  - Richard Thaler
  

• ‟ It's essential that we understand things like the free-rider problem, but we also need to understand that, fortunately, humans are a little nicer than economists give them credit for. Some people actually leave money at roadside fruit stands; some people give money to NPR so we can listen to it.

  - Richard Thaler
  

• ‟ I try to teach people to make fewer mistakes. But in designing economic policies, we need to take full account of the fact that people are busy, they're absent minded, they're lazy, and that we should try to make things as easy for them as possible.

  - Richard Thaler
  

• ‟ For many people, being asked to solve their own retirement savings problems is like being asked to build their own cars.

  - Richard Thaler
  

• ‟ Anybody who's ever been in a large organization realizes that 'optimizing' is not a word that would often be used to describe any large organization. The reason is that it's full of people, who are complicated.

  - Richard Thaler
  

• ‟ My thesis topic was 'The value of a human life.' I asked people a question: 'Suppose you had some risk, a one in a thousand risk of dying - how much would you pay to eliminate it?'

  - Richard Thaler