If no estate tax is imposed, capital gains taxes can be avoided indefinitely. Richard Thaler Read Quote
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. Richard Thaler Read Quote
It’s essential that we understand things like the free-rider problem, but we also need to understand that, fortunately, humans are a little nicer than economists give them credit for. Some people actually leave money at roadside fruit stands; some people give money to NPR so we can listen to it. Richard Thaler Read Quote
My thesis topic was ‘The value of a human life.’ I asked people a question: ‘Suppose you had some risk, a one in a thousand risk of dying – how much would you pay to eliminate it?’ Richard Thaler Read Quote
If you’re not putting enough away for emergencies or retirement, making commitments in advance, such as signing up for payroll withholding, can help. Richard Thaler Read Quote
Behavioral economics offers a plausible explanation for overreactions by the market. For example, a long period of bad performance can lead to stereotyping. Richard Thaler Read Quote
The sad truth is that many behavioral economists know very little about psychology. Richard Thaler Read Quote
You go out on the practice range, and something kind of clicks, and you start hitting the ball very crisply. And you’re sure that you’ve found it, the holy grail – that all you have to do is hold your hand in a certain way. Then you go out on the golf course, and it’s completely disappeared. Richard Thaler Read Quote
For amateur golfers, I think one of the biggest mistakes is to model their play on professionals. Richard Thaler Read Quote
