People are willing to work free, and they are willing to work for a reasonable wage; but offer them just a small payment and they will walk away.

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.

A very simple bad decision is to get into debt. And that is very expensive.

The most difficult thing is to recognize that sometimes we too are blinded by our own incentives. Because we don’t see how our conflicts of interest work on us.

Scaling down individually is very hard. Imagine that if you go to a place where everybody is dressed nicely, and you are the only one who doesn't dress nicely. Everybody goes on vacations to a great place and you go to the Jersey shore. It's very hard to do these things without an organized mechanism, but it looks to me like there might be some organized mechanisms.

The more cashless our society becomes, the more our moral compass slips.