A Quote by Richard Thaler

The Nobel Prize is going to be 'fun money' - for an occasion, when my wife and I want a $50 bottle of wine. — © Richard Thaler
The Nobel Prize is going to be 'fun money' - for an occasion, when my wife and I want a $50 bottle of wine.
The Nobel Prize is worth $1.5 million, but that's not the issue. Do the distinguished scientists who win the Nobel Prize need the money? Probably not. The honor is more important the money, and that's the case with the prize for African leadership as well.
In the early '90s, my parents weren't really drinking wine. They had a bottle or two laying around, but it had been a stigma where a bottle of wine had to be for a super special occasion. A bottle of wine had to go with a steak. And it was this thing that seemed so distant.
I'm not sure whether I could win a Nobel Prize or not, but the Nobel Committee called me, and, 'You got the Nobel Prize.' So, I was so, so happy, and I was so surprised.
A sweetheart is a bottle of wine, a wife is a wine bottle.
There are some pretty darn good bottles of wine for $50. I think I can tell that from a bottle of wine that costs $15 or $20.
I was absolutely convinced that I wouldn't win the Nobel Prize. My impression was that the Nobel Prize in Literature was given to people more or less affiliated with, let's say, socialist ideas, and that was not my case.
I won't lie, I didn't know there was a concert. I've always known about the Nobel Peace Prize and the different prizes given out for science and this and that, but I didn't know there was a concert the day after. When they said, 'You're going to perform in Norway for the Nobel Peace Prize concert,' I was like, 'All right, I'm there.'
National Review once opined, many years ago, that, every year, the Nobel peace prize should go to the U.S. secretary of defense: The American military is the number-one guarantor of peace in the world. But maybe something like a Nobel freedom prize would be a more appropriate award for Reagan than a peace prize.
Thanks to the high standing which science has for so long attain and to the impartiality of the Nobel Prize Committee, the Nobel Prize for Physics is rightly considered everywhere as the highest reward within the reach of workers in Natural Philosophy.
My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And there was no doubt in my mind that if he were still alive, he would have been a co-recipient of the Nobel Prize.
In a way, the Nobel Prize has been something of a pain in the neck, though there was at least one time that I got some fun out of it, Shortly after I won the Prize, Gweneth and I received an invitation from the Brazilian government to be the guests of honor at the Carnaval celebrations in Rio.
This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in a while somebody will buy a 50-year-old bottle of wine and say, "Wait a minute. This has gone bad." The answer is, "Well, that wine isn't for drinking; that's for trading." These $100 bills aren't meant to circulate. They're not to spend on goods and services. They're a store of value. They're a form of saving.
I think Bob Dylan showed us that songs can rise to the level of literature, and he proved it over and over again. That's why they keep trying to get him a Nobel Prize for literature: because there is no Nobel Prize for songwriting.
I like how wine continues to evolve, like if I opened a bottle of wine today it would taste different than if I'd opened it on any other day, because a bottle of wine is actually alive. And it's constantly evolving and gaining complexity.
I drank a bottle of wine for company. It was Chateau Margaux. It was pleasant to be drinking slowly and to be tasting the wine and to be drinking alone. A bottle of wine was good company.
Of course I've enjoyed having the Nobel Prize, the prestige that goes along with it, the money that came with it in particular. I was the typical, still am to some extent, impecunious writer, just struggling to make ends meet, so that, nobody's going to deny that at all. In fact, if they want to give it to me a second time, I'm standing by, ready to receive it, but it's a problem, it's a real problem and then expectations and then you have monsters like Sani Abacha who come up from time to time and who would have died a happy man if he'd succeeded in hanging a Nobel Laureate for literature.
This site uses cookies to ensure you get the best experience. More info...
Got it!