A Quote by Richard Thaler
The sad truth is that many behavioral economists know very little about psychology.
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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.
I started to read as obsessively about Star Wars as I once did about Kant - and still do about behavioral economics and behavioral psychology.
There is behavioral ecology, which looks closely at the difference different ecologies make to behavior and other features of animals and humans. There's evolutionary individual psychology, there's evolutionary social psychology. In Darwin's terms, evolution couldn't exist without variation, and variation is important in behavioral genetics. And so on, and so on. There are so many instances in which evolution actually sharpens the precision, I think, with which one can find out the importance of differences. We're interested in differences as well as commonalities.
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.
I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else.
For me, psychology and art interact and overlap in so many ways. Psychology is the study of the inner life and creativity comes from the imagination and a response to the environment, as you know. So they're both very similar in that way because it's about one's inner life interacting with the environment and what comes from that.
The government employs scientists of many varieties in technical capacities, from estimating the environmental toxicity of a chemical to the structural soundness of a bridge. But when it comes to forming policies, these scientists and, especially, behavioral scientists are rarely at the table with the lawyers and the economists.
The Bible is a wonderful book. It is the truth about the Truth. It is not the Truth. A sermon taken from the Bible can be a wonderful thing to hear. It is the truth about the truth about the truth. But it is not the truth. There have been many books written about the things contained in the Bible. I have written some myself. They can be quite wonderful to read. They are the truth about the truth about truth about the Truth. But they are NOT the Truth. Only Jesus Christ is the Truth. Sometimes the Truth can be drowned in a multitude of words.
I think that the tendency for most people is to fall back on a comic interpretation of things because things are so sad, so terrible. If you didn't laugh you'd kill yourself. But the truth of the matter is that existence in general is very very tragic, very very sad, very brutal and very unhappy.
We Are So Sorry To Hear About The Loss Of Your Little One No One Can Know What You Are Going Through But We Are Thinking Of You At This Very Very Sad Time We Are Here Should You Need Help Or Support God Bless You And Your Little One And Let Him Take care Of Him Till You Meet Again
I have travelled enough internationally to know and accept the reality that, overwhelmingly, people are well disposed to Australia but in truth know very little about it. In particular, people know hardly anything about Australian politics.
Sometimes we get sad about things and we don't like to tell other people that we are sad about them. We like to keep it a secret. Or sometimes, we are sad but we really don't know why we are sad, so we say we aren't sad but we really are.
The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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.
My family, although they're very large on both my parents' sides, they don't know much about their family tree. Occasionally, they try to dig, but they can't get very far, and it's baffling. In Dublin, it seems that so many public records were wiped out; it's proven to be very difficult, so I know very little.
'Vegas' was something very close to me. I had such a blast doing that. I'm still a little upset that we never really got to shoot that final episode. So many people were invested in it. I'll always be sad about that.
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