Don't get trapped by looking at what the price was that you paid for some stock originally.

Richard Thaler

Richard Thaler

Profession: Economist
Nationality: American

Some suggestions for you :

One reason for high health care costs is that patients fail to follow their treatment regimen.

We behavioralists differ from our more traditional brethren in the way we characterize agents in the economy.

I am all for trying to teach household finance in schools, starting as early as possible. And when it comes to high school, I think learning about compound interest is at least as important as trigonometry or memorizing the names of all 50 state capitals.

Tort reform is a complicated subject and not a panacea.

In the 1940s, economics started getting highly mathematical. It was basically because economists weren't smart enough to write down models of real behavior that they started writing down models of highly rational behavior - and they kind of forgot about humans.

There's a reason why start-ups, especially disruptive start-ups - like Google or Amazon or Uber - are full of young people. That's because young people are not as wedded to the old fashioned ways of doing things.

High school seniors should receive help in how to think about a student loan and how to make sure that the education bought with the loan offers good prospects for repayment.

Social Security may be the most beloved of all the government's programs, partly because it requires so little thinking. You pay taxes while you work, then you and your spouse collect until you die.

People make just as many mistakes when the stakes go up, maybe more.

Companies are accumulating vast amounts of information about your likes and dislikes. But they are doing this not only because you're interesting. The more they know, the more money they can make.

If we think that high marginal tax rates are bad because they distort incentives, the same is then true for tax subsidies.

Many Americans say they want to be organ donors, but they just don't get around to acting on their intentions. Helping these potential good Samaritans overcome their inertia could prolong thousands of lives a year.

Academia does not provide many opportunities for immediate gratification. You work for two years on a project, it takes two more years to get it published, and then you start hoping someone might read it.

If you want to encourage some activity, make it easy.