Richard Thaler Quotes About Giving

Quotes about: Giving

• It turns out, that men, when they're taking care of their business, they're not fully attending to the task at hand, but, I'm sure there's an evolutionary explanation for this, if you give them a target, they will aim.

  Richard Thaler

  Men, Hands, Giving

  "Big Think Interview". Big Think Interview, bigthink.com. June 19, 2009.

• So the world is much more correlated than we give credit to. And so we see more of what Nassim Taleb calls "black swan events" - rare events happen more often than they should because the world is more correlated.

  Richard Thaler

  Swans, Rare Events, Giving

  Source: bigthink.com

• I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot more what economist calls systematic risk.

  Richard Thaler

  Thinking, Giving, Risk

  Source: bigthink.com

• The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So that guy making ten million a year selling credit default swaps, if we're going to keep five million of it in escrow for ten years, and with the right to go back and get it, if he starts losing money, then we're going to give people the right incentives not too take so much risk.

  Richard Thaler

  Mean, Years, People

  Source: bigthink.com

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