People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.
Richard ThalerIf people just put away what's left at the end of the month, that's a recipe for failure.
Richard Thaler"Save more tomorrow" is a nudge to help people do what they know they want to do, which is save more, but they can't bring themselves to save more now. Just like many of us are planning to go on diets next month, or maybe in two months, certainly not tonight.
Richard ThalerSo, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior.
Richard Thaler