Richard Thaler Quotes


It's essential that we understand things like the free-rider problem, but we also need to understand that, fortunately, humans are a little nicer than economists give them credit for. Some people actually leave money at roadside fruit stands; some people give money to NPR so we can listen to it.


Citations

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

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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.