A Quote by Dan Ariely

One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

Dan Ariely

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Behavioral Behavioral Economics Big Decisions Economics Environment Function Lessons Make

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Dan Ariely
Israeli - Economist
Born: April 29, 1967

In the world of traditional economics, it shouldn't matter whether you use an opt-in or opt-out system. So long as the costs of registering as a donor or a nondonor are low, the results should be similar. But many findings of behavioral economics show that tiny disparities in such rules can make a big difference.

Richard Thaler

How could economics not be behavioral? If it isn't behavioral, what the hell is it?

Charlie Munger

[There will be movement toward] behavioral economics... [which] involves study of those aspects of men's images, or cognitive and affective structures that are more relevant to economic decisions.

Kenneth E. Boulding

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

Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.

Tyler Cowen

I started to read as obsessively about Star Wars as I once did about Kant - and still do about behavioral economics and behavioral psychology.

Cass Sunstein

How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.

Charlie Munger

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.

Cass Sunstein

Retirement savings is probably behavioral economists' greatest success story. It is a prototypical behavioral-economics problem because saving for retirement is cognitively hard - figuring out how much to save - and requires self-control.

Richard Thaler

Behavioral economics can explain some things, but it's hard to explain a lot of the underlying processes that generate these decisions, much less some of these unconscious things that we don't have a handle on at all.

Edward Boyden

Machines built by human beings they will function correctly if we provide them with a very specific environment. But if that environment is changed, they won't function at all.

Ralph Merkle

Machines built by human beings they will function correctly if we provide them with a very specific environment. But if that environment is changed they won't function at all.

Ralph Merkle

While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to be seen whether these decisions lead to predictable errors that create systematic mispricings upon which rational investors can readily and economically capitalize.

John C. Bogle

I have come to an odd belief, which is that we don't make decisions so much as the decisions make us. The goal of a decision isn't just to find the path forward, but to become someone entirely different than who we might have been as a function of the path we take.

Andy Dunn

My best life lessons and education didn't come from a classroom - they've come from the wild. How you act in the big moments, the ones that challenge you, scare you, tempt you, and force you to make the right decisions, is what defines you.

Bear Grylls

I practice what has come to be called behavioral economics.

Richard Thaler

A Quote by Dan Ariely

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