Quote by Richard Thaler

"The invisible hand of markets relies on people being rational. When they're not, unexpected things happen."

Richard Thaler
Economist Psychologist American Born 1945 (age 81)

More from Richard Thaler

"Mental accounting is how people organize, evaluate, and process financial activities."
"People are not always rational. We make systematic mistakes."
"The most important thing to realize is that we are all irrational some of the time."
"Behavioral economics is the study of human choice."

All quotes by Richard Thaler