In strategic decisions, I'd be really concerned about overconfidence.

The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.

If individuals are rational, there is no need to protect them against their own choices.

One emphasis of my research has been on the question of how people spend their time. Time is the ultimate finite resource, or course, so the question of how people spend it would seem to be important.

Being wealthy is often a powerful predictor that people spend less time doing pleasurable things and more time doing compulsory things and feeling stressed.

You know, the standard state for people is 'mildly pleasant.' Negative emotions are quite rare, and extremely positive emotions are rare. But people are mildly pleased most of the time, they're mildly tired a lot of the time, and they wish they were somewhere else a substantial part of the time - but mostly they're mildly pleased.

It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.