Best quotes by Richard Thaler on World

Checkout quotes by Richard Thaler on World

• ‟ Fortunately, economists open to new ways of thinking are finding novel ways to use supposedly irrelevant factors to make the world a better place.

  - Richard Thaler
  

• ‟ In the world of traditional economics, it shouldn't matter whether you use an opt-in or opt-out system. So long as the costs of registering as a donor or a nondonor are low, the results should be similar. But many findings of behavioral economics show that tiny disparities in such rules can make a big difference.

  - Richard Thaler
  

• ‟ Countries all around the world, starting with the U.K., have started behavioural insight teams, often referred to as nudge units. And they seem to be doing lots of good.

  - Richard Thaler
  

• ‟ The tradition of Chicago price theory is a good one, and it is a low-tech methodology that tries to apply simple economic theory to the world.

  - Richard Thaler
  

• ‟ The good thing I will say about the Chicago School is that it was always about the world, not about the abstract.

  - Richard Thaler