A Quote by Tyler Cowen
Understanding economics can help you make better decisions and lead a happier life.
Quote Topics
Quote Author
Related Quotes
Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.
When children are allowed to help make family decisions, they tend to be much more supportive and happier with family life. Also when allowed to help make rules, they will follow them much closer than if rules are forced on them. All these add up to a happier home for all.
If we all make systematic mistakes in our decisions, then why not develop new strategies, tools, and methods to help us make better decisions and improve our overall well-being? That's exactly the meaning of free lunches- the idea that there are tools, methods, and policies that can help all of us make better decisions and as a consequence achieve what we desire-pg. 241
Everything's not black and white. We choose to make bad decisions or not. I wanted to explore that and shine a light on it. Chip is trying to be a better person and lead a better life. His methods are just super flawed.
I always hear people saying, "If I can just help one person, or if I can just stop one person from doing what I did." I don't think one person is enough. I feel you can help more than one person, help as many as you can. That's something that I would like to leave as my legacy: That I helped a lot of people and made some people make better decisions after looking at the decisions I've made in my life.
My motivation has to do with what happened to my family. I want to help young people make important decisions at the most important time in their life. If I didn't do this, it would be like my kids died in vain. I want to help them make the right decisions.
People are trying to build a society where they can talk across the aisle so to speak, and have civil discourse. At the same time we're trying to inform ourselves about what's really true so that we can make evidence based decisions that is better than superstition or rumor. But the fact is that people who use evidence based decision making have much better life outcomes, greater life satisfaction, they live longer, they make better personal and medical decisions, better financial decisions. But parallel to that is you can't reason somebody out of a position they didn't reason themselves into.
I use my music to kind of lead my feelings. I feel like if I make a happier sound, I will be happier.
The greatest decisions I've made in my life are by instinct. I remember when I hired Bill I had a lot of people telling me it was a mistake. But he and I had established a rapport in '96 when he coached the secondary. You need a coach that understands economics, that understands the impact of the salary cap and how to make those difficult decisions that allow you to sustain success over the long term. I don't think there's anyone better than Bill at doing that.
Happier thoughts lead to essentially a happier biochemistry. A happier, healthier body.
The hopeful part about that is when you do have that help, you will feel better. It still doesn't make this easy. Nothing makes this easy, but you can make better decisions.
Girls think that being glamorous means making mistakes and being irresponsible. And that's just not true. The smarter you are, the better prepared you are to make decisions in your life, the more likely you are to lead a satisfying life and be glamorous and fun and anything you want to be.
The way to make better decisions is to make more of them. Then make sure you learn from each one, including those that don't seem to work out in the short term: they will provide valuable distinctions to make better evaluations and therefore decisions in the future. Realize that decision making, like any skill you focus on improving, gets better the more often you do it.
The thorniest business problems will surface at the board meetings, and the different, sharp opinions help to better explore the poles of the arguments to make better decisions.
If I can make someone's day brighter, happier, better, that makes me happier.
I don't mind have an uncomfortable conversation if those uncomfortable conversations can lead to a bigger dialogue and help us get to a better understanding of whatever it is we are discussing.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist