When you get a checking account, you should have a savings account, and the number for the savings account should be one off of your checking account.

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

We should teach the students, as well as executives, how to conduct experiments, how to examine data, and how to use these tools to make better decisions.

The experiments show quite clearly that, as you resist more and more temptation, you're actually more and more likely to fail.

The problem with opportunity cost is that opportunity cost is divided among many, many things.

When it comes to the mental world, when we design things like health care and retirement and stock markets, we somehow forget the idea that we are limited. I think that if we understood our cognitive limitations in the same way that we understand our physical limitations … we could design a better world.

In total, by giving people $30 bonus, Intel lost almost 5 percent of productivity. That's a lot. Now, think about it. You give money because you think this would increase motivation. It actually decreases motivation.