The reason is they failed to learned the primary lesson we should have learned from when Long Term … - Richard Thaler

Same topic Authors

Quote of the day

calls for equal treatment are often seen as calls for 'special treatment' in situations where discrimination has become the norm.

Richard Thaler

The reason is they failed to learned the primary lesson we should have learned from when Long Term Capital Management went belly up ten years ago. That is, investments that seem uncorrelated can be correlated simply because we're interested in it.

Correlated, Interested, Long, Should Have, Years

Same Author Quotes

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

Similar Quotes

Charles Stuart Calverley

The farmer's daughter hath soft brown hair And I met with a ballad, I can't say where, That wholly consisted of lines like these.

Ballad, Daughter, Hair, Like, Lines, Say

Anita Hill

calls for equal treatment are often seen as calls for 'special treatment' in situations where discrimination has become the norm.

Become, Equal Treatment, Injustice, Norm, Special, Treatment

Samuel Taylor Coleridge

Remorse is as the heart in which it grows; If that be gentle, it drops balmy dews Of true repentance; but if proud and gloomy, It is the poison tree, that pierced to the inmost, Weeps only tears of poison.

Gloomy, Heart, Pierced, Repentance, Tears, Tree

Ruta Sepetys

We all laced together—a brothel madam, an English professor, a mute cook, a quadroon cabbie, and me, the girl carrying a bucket of lies and throwing them like confetti.

Cabbie, Carrying, Girl, Lying, Mute, Together

Jeffrey Eugenides

Depression is like a bruise that never goes away. A bruise in your mind. You just got to be careful not to touch it where it hurts. It's always there, though.

Careful, Depression, Hurt, Mind, Though, Touch