A Quote by Richard Thaler

Lotteries are just one way to provide positive reinforcement. Their power comes from the fact that the chance of winning the prize is overvalued. — © Richard Thaler
Lotteries are just one way to provide positive reinforcement. Their power comes from the fact that the chance of winning the prize is overvalued.
Of course children benefit from positive feedback. But praise and rewards are not the only methods of reinforcement. More emphasisshould be place on appreciation--reinforcement related explicitly and directly to the content of the child's interest and efforts.
I just wanted to be around a positive organization that's used to winning and plays the game the right way. Milwaukee, they're not used to winning. I just wasn't going to go for it at the end of my career.
The way positive reinforcement is carried out is more important than the amount.
Winning the Pulitzer is not that big a deal. I have seen hundreds of plays that have won the prize and you couldn't sit half way through it. The Pulitzer is a common prize that means very little.
Winning a trophy would be a good way to finish a bad season in a positive way. But I'm not obsessed by the fact I have to win a trophy every year - it's a nice thing, but I know it's sometimes impossible.
Teaching's hard! You need different skills: positive reinforcement, keeping students from getting bored, commanding their attention in a certain way.
There is only one positive role of the Nobel prize--it creates some common way to understand a writer. I cannot say, that I like this situation, but that's the way it goes. The books are being born and then walk around the world, just as children do.
Positive reinforcement generates more behavior than is minimally required. We call this discretionary effort, and its presence in the workplace is the only way an organization can maximize performance.
As years go by, chances of winning here are getting slimmer. That's just a matter of fact. It does get tougher, but it's possible, there's a tiny little chance.
If you deny the fact that things are happening to you, that this is going on, whether it's negative or positive, you're just putting yourself behind the 8-ball because you're not facing it head on and dealing with it in a positive way that you've learned how to.
That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
The benefits of positive emotions don't stop after a few minutes of good feelings subside. In fact, the biggest benefit that positive emotions provide is an enhanced ability to build skills and develop resources for use later in life.
When you do the right thing, enjoy it! When you take positive actions, enjoy them. After all, they are leading you toward positive results. Pat yourself on the back. Truly enjoy the fact that you're making positive progress, and the negative temptations will have no power over you.
Well, you know, a lot of people look at the negative things, the things that they did wrong and - which I do. But I like to stress on the things I did right, because there are certain things that I like to look at from a positive standpoint that are just positive reinforcement.
Winning a Nobel Prize is no big deal, but winning it with an IQ of 124 is really something.
Each of us can provide a positive example to others in our lives, and that's powerful. When I visit those with difficult health conditions, I do my best to provide them with positive motivation because I know I was so inspired by people who showed support for me.
This site uses cookies to ensure you get the best experience. More info...
Got it!