What reminds you in your environment about saving? Nothing.

One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

The real issue is, how much goodwill do you invest in the work? And goodwill is not something that we can buy with money. It's very hard to buy goodwill with money.

It is very difficult to make really big, important, life-changing decisions because we are all susceptible to a formidable array of decision biases. There are more of them than we realize, and they come to visit us more often than we like to admit.

I don't know what exactly the translation is but when we do consume something now, something else has to give at some point.

The people that lend you money basically give you an answer based on the risk that they are willing to take. But just because a bank is willing to take a particular risk doesn't mean that that is the right amount for me to spend.

that when given the opportunity, many honest people will cheat.