Richard Thaler Quotes


Anybody who's ever been in a large organization realizes that 'optimizing' is not a word that would often be used to describe any large organization. The reason is that it's full of people, who are complicated.


Citations

Thaler, Richard H. Misbehaving: The Making of Behavioral Economics. W. W. Norton & Company, 2015.

Related Quotes

The administration and operation of scientific research is particularly vulnerable to bureaucratic processes. There is a constant tension between scientists and politicians over the accountability of publicly funded research.


Political conservatives have generally been very verbal in their attacks upon and criticisms of bureaucracy. And yet, bureaucrats are the epitome of conservatism in their outlook and mode of operation as is made clear by this quotation.


Richard Thaler
Richard Thaler
  • Born: September 12, 1945
  • Nationality: American
  • Profession: Nobel Laureate in Economics

Richard H. Thaler is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2015, Thaler was president of the American Economic Association.