Quotes About Defaults

If private companies or public officials think that one policy produces better outcomes, they can greatly influence the outcome by choosing it as the default.

In many contexts defaults have some extra nudging power because consumers may feel, rightly or wrongly, that default options come with an implicit endorsement from the default setter, be it the employer, government, or TV scheduler. For this and other reasons, setting the best possible defaults will be a theme we explore often in the course of this book.

If one could not remember somebody's trousers, then jeans were the safe default. Indeed, "defaults" was a good name for jeans. I put on my defaults. It sounded quite right.

The deflation of the 1930s led to widespread bankruptcies and defaults, gravely worsening an already bad situation.

If defaults spread beyond Greece, the stability of Europe's entire banking system could be at risk.

delinquencies and defaults increased to levels not seen since the Depression,

You want to evaluate future borrowers, but in order to train an algorithm that will help you identify future defaults, you have to train it and evaluate it on past data.

I'm afraid sometimes certain individual cases of defaults are unavoidable. What we should do is to step up monitoring, properly handle relevant matters, and ensure there is no regional and systemic financial risk.

If defaults on mortgages were uncorrelated, then the BISTRO structure should be safe for mortgage risk, but if they were highly correlated, it might be catastrophically dangerous. Nobody could know. Duhon

Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating.

There's not a doubt in my mind that you will see a spate of municipal-bond defaults.

By using priming, defaults, commitments, and norms in your own life, you can become a whole lot happier without actually having to think very hard at all about becoming happier. You will be happier by design.