Quotes from Jean Tirole

On Economic Nobel Prize 2014: I see one of my daughters is on Skype with me from London and in fact it is actually quite moving for the whole family of course.

Not only are we subject to cognitive biases, we also frequently seek out things that reinforce them. We interpret facts through the prism of our beliefs; we read the newspapers and seek the company of people who will confirm us in those beliefs; and thus we stick obstinately to these beliefs, whether or not they are correct.

Inequality is expensive for two reasons, one connected with justice and one with efficiency.

When we think about an economic problem, the first answer that occurs to us is not always the correct one.

We all suffer from flawed thinking and decision making.

Wealth acquired by creating value for society is not equivalent to wealth that comes from economic rents. For example, a very important factor in the increasing inequality of wealth in many countries has been the increase in real estate prices.48 But the owner of a building, unlike the inventor of a new treatment for cancer, does not create value for society.

younger generations have a more international mindset

El enfoque económico es el del «individualismo metodológico», según el cual los fenómenos colectivos son resultado de comportamientos individuales y, a su vez, afectan a estos últimos.

exacerbated eagerness to exploit the ignorance and prejudice of voters.

Posiblemente lo más diferenciador sea que no todos los investigadores en ciencias humanas y sociales abrazan el principio de individualismo metodológico tan querido por los economistas[118

staying safely in the ivory tower is much more comfortable for academics,

we are all aware of the consequences of climate change.

because Judaism required the reading of the Torah and promoted literacy in Talmudic academies, the Jewish community's human capital increased

the French educational system is a vast insider-trading crime.

we have little empirical knowledge about the connection between merit and success

It is also difficult to define the boundaries within which we judge inequality.

Dignity is particularly important.

The academic community is an attractive working environment,

general public distrusts academic expertise as soon as it affects real-world topics

original topics of research that those who stay cloistered in their ivory towers could never imagine.

academics must maintain a delicate balance between necessary humility and the determination

Collective promises are never kept, since no one feels responsible for fulfilling them

taxi companies had either never thought of these innovations or just did not to bother to introduce

we use math not because we're smart, but because we aren't smart enough.