Richard Thaler Interview: the less attention you pay, the more money you’ll have

Author, academic and ‘father of behavioural economics’ Richard Thaler talks to Merryn Somerset Webb talks about pensions freedom, central bankers and fund management fees.
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Recorded September 2015
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[@jimparsons6803]

I've enjoyed Dr. Thaler's comments over the years. Clever fellow that doesn't back down. And good for him

[@unnikrishnanvb4349]

congratulations for your good contributions in Economic world

[@ivanaandric5703]

Thank you! Brillint man!!!

[@GonzoTehGreat]

27:45 Stick to what you know Thaler. Somerset eventually gets him to make a macro prediction (about IRs) and predictably, he's completely wrong!

[@314armin]

I learned much more from the questions asked than the answers given.

[@luooka2571]

What about the lizard egg?

[@theodorerooseveltcharlesto1555]

Gee this guy looks very trusting where do i sign?

[@devonseamoor]

Don't let appearances fool you, T.R.C.

[@tuckerbugeater]

his thoughts are disturbing enough and attract mostly dunning kruger types@@devonseamoor

[@hotfreshrider]

Merryn doesn't mind the idea of asset bubble inflation but shows disdain for the cost of infrastructure projects, even at 0%.

[@GonzoTehGreat]

Presumably because she's still hung up on the "how are we going to pay for it" argument? Despite all evidence to the contrary that this isn't an issue...

[@johnburman966]

Interview following liquid lunch?

[@coolkidbmx6851]

She's got the sniffles

[@coolkidbmx6851]

*sniff sniff sniff * I think she caught the Colombian cold... I'm hip

[@devonseamoor]

"People should inform themselves better..... by reading magazines more often... and my books" WHAT? No need to listen further, this man lives on a different planet. I'm on Earth.

[@nicosmind3]

I bought a book on behavior economics once i saw advertised on an investment program. Predictably Irrational it was called. Worst purchase ever. It could have been one chapter and the rest should have been annotations. There was no insight, and it seemed the "studies" were all one offs, never repeated, and all on American students. Different cultures have different considerations to manners, to what is and isnt rude to do etc. and that would certainly change the results of these "studies". He might as well told us old wives tails, some of the behavior could easily be rationalized, and perhaps all of the "knowledge" is completely useless for economists and investors.

[@oshanerichardson]

+nicosmind3 thanks for the review. now I don't to waste my time. :)

[@nicosmind3]

ShaneMario It was shockingly bad and comepletly mis-sold. It gave no insight into investing/mistakes for investors to avoid. It could however help an advertiser or shop owner trying to sell a product. Maybe. As it was about different ways to package deals and how people responded to them. But it was all done in open classrooms with American students. It had nothing to do with real life, and you can see how choices could be deemed as rational and not irrational. But the author wouldnt have had anything to put in his book if he didnt spin it the right way.

[@pedrohm6271]

Nobel Prize ;)

[@missing1person]

listen to warren buffet instead, he is a talking book.

[@coolkidbmx6851]

She's really pretty. I don't know why but I think she'd look super hot with a punk look.. like a nose piercing and tattoos ya know

[@coolkidbmx6851]

Sorry, but this guy just ... he's just waffling on. He says a whole lot of nothing...

[@foppo100]

The majority of working people don't invest they are lucky if they can save.Paying the mortgage food electricity and gas.And all the rest to survive.Give me a break with these silly intervieuws.

[@pfoe8283]

Well, most people are not future orientated, they postpone things.... take all those New years resolutions to quit smoking as example...the same goes for pension savings....a lot of people think they need the money right now more, so they dont save even though they could, they are tempted to buy other stuff, because they might have the feeling that they are missing out on something otherwise...but well, thats a problem, because then they have absolutely no perspective in the future....so the things Thaler is saying in the interview actually really make sense and automatic enrollment works pretty well in the UK, so I really dont know where you are getting with your comment here

[@devonseamoor]

@@pfoe8283 The core issue with our present financial system, is the perpetual creation of debt and consumerism. Once we identify with the content of our bank account, we lose touch with reality and enter slavery. Our choice.

[@Cosme27]

Boring

[@hacker010010101]

thats why youre poor