Phrase by 'Richard Thaler'
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Real people have trouble balancing their checkbooks, much less calculating how much they need to save for retirement; they sometimes binge on food, drink, or high-definition televisions. They are more like Homer Simpson than Mr. Spock.
Author: Richard Thaler - American EconomistSometimes , People , Drink , Food
The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.
Author: Richard Thaler - American EconomistYou , Two , Same , Price
People make just as many mistakes when the stakes go up, maybe more.
Author: Richard Thaler - American EconomistMore , People , Go , Mistakes
I am all for trying to teach household finance in schools, starting as early as possible. And when it comes to high school, I think learning about compound interest is at least as important as trigonometry or memorizing the names of all 50 state capitals.
Author: Richard Thaler - American EconomistI Am , School , Learning , Finance
As every successful parent learns, one way to encourage good behavior, from room-cleaning to tooth-brushing, is to make it fun. Not surprisingly, the same principle applies to adults. Adults like to have fun, too.
Author: Richard Thaler - American EconomistGood , Way , Fun , Parent
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.
Author: Richard Thaler - American EconomistHome , Serious , Emotional , Moving
One reason for high health care costs is that patients fail to follow their treatment regimen.
Author: Richard Thaler - American EconomistCare , High , Health , Follow
Shopping for an annuity with hundreds of thousands of dollars at stake can be daunting, even for an economist.
Author: Richard Thaler - American EconomistEven , Shopping , Stake , Daunting
The Nobel Prize is going to be 'fun money' - for an occasion, when my wife and I want a $50 bottle of wine.
Author: Richard Thaler - American EconomistMoney , Fun , Wife , Wine
Don't get trapped by looking at what the price was that you paid for some stock originally.
Author: Richard Thaler - American EconomistYou , Looking , Some , Price
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