Richard Thaler : (3)

" The main thing that you learn in grad school, or should learn, is how to think like an economist. The rest is just math. " - Richard Thaler

" Real people have trouble balancing their checkbooks, much less calculating how much they need to save for retirement; they sometimes binge on food, drink, or high-definition televisions. They are more like Homer Simpson than Mr. Spock. " - Richard Thaler

" My thesis topic was ‘The value of a human life.’ I asked people a question: ‘Suppose you had some risk, a one in a thousand risk of dying – how much would you pay to eliminate it?’ " - Richard Thaler