A Quote by Richard Thaler

We behavioralists differ from our more traditional brethren in the way we characterize agents in the economy. — © Richard Thaler
We behavioralists differ from our more traditional brethren in the way we characterize agents in the economy.
I feel that I, and the people under my command, tried to use all the traditional methods of recruiting agents which were also used by other intelligence services; adopting also means like pressure, money, sex - but that did not characterize my service.
Junk, redundancy, and inefficiency characterize astrophysical signals. It seems they characterize cells and sea lions, too. These biological constructions have lots of superfluous and redundant parts, and are a long way from being optimally built or operated.
Stand up for what you think is right. That might be very different from what I am saying today, but you are allowed to differ from me just as I am allowed to differ from you. That is part of our strength as a country that we can differ from each other.
The two ideas, justice and vocation, are inseparable.... It is by way of the principle and practice of vocation that sanctity and reverence enter into the human economy. It was thus possible for traditional cultures to conceive that "to work is to pray." (pg. 258, The Idea of a Local Economy)
For us Christians, love of neighbour springs from love of God; and it is its most limpid expression. Here one tries to love one's neighbour, but also to allow oneself to be loved by one's neighbour. These two attitudes go together, one cannot be exercised without the other. Printed on the letterhead of the Missionaries of Charity are these words of Jesus: "as you did it to one of the least of these my brethren, you did it to me". Loving God in our brethren and loving our brethren in God.
We took the traditional lands and smashed the traditional way of life. We brought the diseases and the alcohol. We committed the murders. We took the children from their mothers. We practised discrimination and exclusion. It was our ignorance and our prejudice. And our failure to imagine that these things could be done to us.
Having a soft major is nowhere near the career death sentence that so many make it out to be. The world is changing, and the U.S. economy with it. Our economy is shifting to a service- and information-based economy, and soft majors are already becoming more and more valuable.
The thing that interests me most about Scotland is how we differ from our neighbours. How do our ambitions differ? What kind of society are we? What can we learn from the mistakes of the past, and how do we position ourselves in the world?
I walked away from Kyoto because it would damage America's economy, you bet. It would have destroyed our economy. It was a lousy deal for the American economy. I felt there was a better way.
Men characterize pornography as something mental because their minds, their thoughts, their dreams, their fantasies, are more real to them than women's bodies or lives; in fact, men have used their social power to characterize a $10-billion-a-year trade in women as fantasy.
The more we can get Washington out of the way, the stronger our economy and our country will be.
Unfortunately, as inspiring as people find Barack Obama, change can be interpreted in so many different ways. I think he might do a great deal of good things for social programs here in America and as well, as much as people want to characterize anybody who's a leader and try and sell that, and market it and characterize them in a good way or a bad way, I think it's very telling about the system that we have when we come to the realization that the war is not going to end.
People are very good [at] thinking about agents. The mind is set really beautifully to think about agents. Agents have traits. Agents have behaviors. We understand agents. We form global impression of their personalities. We are really not very good at remembering sentences where the subject of the sentence is an abstract notion.
While the recent addition of the National Guard providing a support role manning computers and cameras has allowed more Border Patrol agents to work the field, more agents are still needed.
It's time to admit that public education operates like a planned economy, a bureaucratic system in which everybody's role is spelled out in advance and there are few incentives for innovation and productivity. It's no surprise that our school system doesn't improve: It more resembles the communist economy than our own market economy.
It is remarkable that men, when they differ in what they think considerable, will be apt to differ in almost everything else; their difference begets contradiction; contradiction begets heat; heat quickly rises into resentment, rage, and ill-will; thus they differ in affections, as they differ in judgment.
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