Quotes About Decision-making

An Act of Parliament is at least as complex as a marriage settlement; and it is made much as a settlement would be if it were left to the vote and settled by the major part of persons concerned, including the unborn children. There is an advocate for every interest, and every interest clamours for every advantage.

Our guns and our ships are not, perhaps, very good now. But they would be much worse if any thirty or forty advocates for this gun or that gun could make a motion in Parliament, beat the department, and get their ships or their guns adopted.

Let your kids pick their punishments. Our instinct as parents is to order our kids around. It's easier, and we're usually right! But it rarely works.

When Congress legislates in haste, it often causes more problems than it solves. But Congress rarely reconsiders its mistakes.

When we are caught up in the nature of our work and are asked to take on another job or position, rarely do we step back and ask ourselves, 'What do I really want to do? What is it at this point in my career and life that is important to me?'

In cinema, I would not really rate my costar and I would not pick a project because of the costar. I would pick a project because of the director. And the script.

Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.

If you look at all the investments made during 'Dragons' Den,' the ratio of those that make it to those that don't is actually extremely high.

A man has free choice to the extent that he is rational.

If individuals are rational, there is no need to protect them against their own choices.

I'm very rational, so sometimes I need the facts, and if I don't have the facts, then I get huffy, and I move on.

A nudge is some feature of the environment that changes the behaviour of humans but would not change the behaviour of rational economic agents, what we call Econs.

Economists discount any factors that would not influence the thinking of a rational person.

There are so many different kinds of motivation for investing or giving or parting with your money in whatever other way, and plain old financial return is obviously attractive. But people are not always rational and are not just looking for that.

Put simply, behavioural economics argues that human beings' decision-taking is guided by the evolutionary baggage which we bring with us to the present day. Evolution has made us rational to a point, but not perfectly so. It has given us emotions, for example, which programme us to override our rational brain and act more instinctively.

Legal behavior is not incompatible with rational, self-interested behavior.

It is neither racist nor elitist to say publicly what every rational person believes privately - that if you don't know anything about a subject, you ought not to raise your hand or cast a ballot on the matter.

My job is making irrational people do rational things.

I believe there are two types of business people - risky and rational.

Buying a home is a very emotional process. It's important to remain rational and stick with your price limit while buying.

Sometimes emotions are more important than rationality.

There's a human element here you start to lose when you start rattling off the best mathematical equation to get the out.

In the light of the actual fighting that is now in progress, we have reached the point where the military considerations clearly outweigh the fiscal considerations.

In exceptional boardrooms, the intellectual rigor generated by a challenging question is both an accepted norm and a precursor to reaching informed decisions. This is the crucial edge that sets apart boards that lead from boards that follow.