Quotes from Richard Thaler

I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.

Parents want their children to excel, callers to a victims' hot line want help, and sick people want to get well. Offering aids is like providing an alarm clock: it may help people get to an appointment on time, but no one is forcing them to use it.

I'm all for empowerment and education, but the empirical evidence is that it doesn't work. That's why I say make it easy.

You can't make evidence-based policy decisions without evidence.

If people just put away what's left at the end of the month, that's a recipe for failure.

There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.

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