Quotes About Thaler

The bigger lesson is that once you understand a behavioral problem, you can sometimes invent a behavioral solution to it. Mental

See Fineman (2004), 123: "We should transfer the social and economic subsidies and privilege that marriage now receives to a new family core connection—that of the caretaker-dependent.

He tried his hand at doing some research on the psychology of the stock market, but grew frustrated with the reactions he got from the referees at mainstream finance and economics journals and eventually abandoned the research program.

app we particularly like is called Tally.13 (Full disclosure: Tally was started by Jason Brown, who, when he was a student at the University of Chicago Booth School of Business, took Thaler's class. We have no financial stake in his company.)

I began to have deviant thoughts about economic theory while I was a graduate student

John Rawls (1971) called the publicity principle. In its simplest form, the publicity principle bans government from selecting a policy that it would not be able or willing to defend publicly to its own citizens.

The technical term for discounting of this general form that starts out high and then declines is quasi-hyperbolic discounting. If you don't know what "hyperbolic" means, that shows good judgement on your part in what words to incorporate in your vocabulary.

It is true that I am one of the co-authors of 'Nudge,' and I am a behavioral economist, but it does not mean that everything we write about in that book is behavioral economics, nor does it mean that my co-author, the distinguished legal scholar Cass Sunstein, is a behavioral economist.

I love Richard Thaler's 'Quasi Rational Economics.' A collection of some of his most interesting and inventive essays, the real foundation of behavioral economics.

Even a mother - Jewish or not - can't worry about everything. So it is important that we limit our worries to real as opposed to imaginary risks.

By the seventeenth century the thaler had become a unit of currency all over central Europe. It had also been copied in Habsburg Spain, whose taleros or 'pieces of eight' circulated throughout the Americas. They were known in English as 'dollars'.

Toward 1175 rich veins of copper, silver, and gold were found in the Erz Gebirge (i.e., ore mountains); Freiberg, Goslar, and Annaberg became the centers of a medieval "gold rush"; and from the little town of Joachimsthal came the word joachimsthaler—meaning coins mined there—and, by inevitable shortening, the German and English words thaler and dollar.