Recall that people like to do what most people think it is right to do; recall too that people like to do what most people actually do.
Richard ThalerThere's a second component of a good savings plan, which is something that a colleague of mine called Schlomo Benartzi and I developed many years ago, that we call "save more tomorrow."
Richard ThalerOne simple step firms can take is make sure that people that are getting paid a lot of money, say more than a million or two, that a big chunk of that money is deferred. That's going to change the whole ballgame.
Richard ThalerPeople exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.
Richard Thaler