We are all subject to cognitive biases, and acknowledging th... - Thaler, Richard

This quote is attributed to Thaler, Richard.

"We are all subject to cognitive biases, and acknowledging this is the first step."

Thaler, Richard Truth

Behavioral Economist American Born 1945 (age 81)

More from Thaler, Richard

"People are not always rational. We make systematic mistakes."

"The most important thing to understand about Behavioral Economics is that people are not rational."

"We are all vulnerable to cognitive biases."

"Humans are not the perfectly rational agents that standard economic theory assumes."

"Lucy, you got some 'splainin' to do!"

"You must always be honest with the people you love."

"Truth always comes out in the end."

"Honesty is always the best policy."