Richard Thaler Quotes

I think almost all strategic problems could at least be improved upon if people would do more careful game-theoretic analysis. The reason game theory works in predicting is because people intuit how to behave game-theoretically.

The choices we make lead up to actual experiences. It is one thing to decide to climb a mountain. It is quite another to be on top of it.

Prudence is foresight and far-sightedness. It's the ability to make immediate decisions on the basis of their longer-range effects.

It does not take much strength to do things, but it requires great strength to decide on what to do.

Do, What you're going to do in longevity. Not just what happens tomorrow.

You need to make a commitment, and once you make it, then life will give you some answers.

My research career has been devoted to understanding human decision-making and problem-solving processes. The pursuit of this goal has led me into the fields of political science, economics, cognitive psychology, computer science and philosophy of science, among others.

Positive defaults align our short-term decisions with our long-term interests. And we don't always do that.

Decisiveness is the best way to get things done.

If you are a leader, setting forward your plans according to that which you decide, perform perfect actions which posterity may remember, without letting the words prevail with you which multiply flattery, which excite pride and produce vanity.

No choice we can make as a nation lies between our history and our geography. We can hardly change either of them. They are immutable. The only choice we can make as a nation is the choice about our future.

What you don't do is as important as what you do.

Economists discount any factors that would not influence the thinking of a rational person.

The man of action has the present, but the thinker controls the future.

The next move is always the test.

Don't wavier. Make a decision. Do it now.

A good plan will therefore include alternative actions, the choice between them being left open until the passage of time indicates which is feasible and which is not.

If you know you don't have a win, then there's no use for you being in the game.

Strategy is choice. Strategy means saying no to certain kinds of things.

Strategic management is not a box of tricks or a bundle of techniques. It is analytical thinking and commitment of resources to action. But quantification alone is not planning. Some of the most important issues in strategic management cannot be quantified at all.

Deciding what not to do is as important as deciding what to do.

Deciding to commit yourself to long term results rather than short term fixes is as important as any decision you'll make in your lifetime.

Patience expands your options. If you insist on immediate gratification, your choices are severely limited.

Sometimes it doesn't matter too much what choice you make, as long as you make it quick and stick to it.

We talk often about choice. Well, ladies and gentlemen, it's time to choose.