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Oh, talk as we may of beauty as a thing to be chiselled from marble or wrought out on canvas, speculate as we may upon its colors and outlines, what is it but an intellectual abstraction, after all? The heart feels a beauty of another kind; looking through the outward environment, it discovers a deeper and more real love-liness.

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Richard Thaler

Everyone's lost a lot of money on their 401k plans. I've heard some people calling them 201k plans. So it's even more important to get people to be saving more for retirement. Behavioral economics has helped us learn a lot about how to do that.

401K, Important, People, Retirement, Saving
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When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.

Data, Evidence, Mean, Mixed, Opposites, Theory

My mantra is if you want to help people accomplish some goal, make it easy.

Goal, Make, People, Want

So, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior.

Alters, Attention, Behavior, Environment, Nudge, Small

The lesson from behavioral economics is that people only save if it's automatic.

Automatic, Behavioral, Economics, Lessons, People

There's no reason to think that markets always drive people to what's good for them.

Markets, People, Reason, Think, Thinking
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