Sendhil Mullainathan Quotes

When we cut the price for bananas by 1 ruble, we sell 100 tons a day more... There are people who live within their budget.

No matter where the price of gas is, the consumer's still got to get out. They've still got to save their money to go see Tim McGraw.

As the price of gas goes up, people will become more conscience of how much they use.

And as you point out, for American families who struggle every day to figure out how do they pay, we talk about gasoline prices. That throws budgets into a real problem when you have budgeted really tight.

Everybody loves to spend money at least some of the time - because everybody loves the stuff you can buy with it. The key to the pleasure level of any transaction is the balance between the pain of the payment and the reward of the purchased object.

The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items and resources that we consume, produce and utilize.

I know the price of lettuce. You need to understand price and value. You buy the best lettuce you can at the best price you can.

I realized how quickly you could eat up a lot of time and money if you weren't prepared.

It'd be nice to make lots of money but it's quite difficult, because every time I make lots of money I make a bigger piece that costs lots of money.

The intriguing aspect of food charges on airlines is that they create the perfect laboratory for any economist who wishes to study the question of how to price a good that possesses, by universal consensus, absolutely no objective value.

It takes me a long time to make a big purchase.

Every time you drop the price by a factor of two, you roughly get a 10 times pickup of the number of people who will seriously consider buying it.

I spend so much time in fear of going broke, and I never have been even remotely close to going broke.

A study of economics usually reveals that the best time to buy anything is last year.

If all purchases are spontaneous and simply driven by what is seen and loved, there is a high risk of ending up with 10 cocktail dresses and no outfits for work.

Frugality, when all is spent, comes too late.

If milk goes way up in price, my people in Idaho can stop drinking milk. But we can’t stop using power.

When you have to earmark human and monetary resources for such a long time, it starts to hinder your other activities.

Everything takes longer and costs more.

As much wisdom may be expended on a private economy as on an empire, and as much wisdom may be drawn from it.

We must cut our coat according to our cloth, and adapt ourselves to changing circumstances.

Start saving your pennies now. People spend $300 on crazy things all the time, things like handbags. So work all year, scrape the money together, and come to my show. I’m worth it.

I always like to keep the budget as small as possible just to have the most freedom.

Money is like gasoline during a road trip. You don’t want to run out of gas on your trip, but you’re not doing a tour of gas stations.

Who among us would ask our children for a loan, so we could spend money we do not have on things we do not need?