I'm Not A Great Believer

There's A Very Good Reason For Why Economics Developed The Way It Did, And That Is That In Many Situations, The Assumption That People Will Exploit The Opportunities Available To Them Is Very Plausible, And It Simplifies The Analysis Of How Markets Will Behave.

The Concept Of Loss Aversion Is Certainly The Most Significant Contribution Of Psychology To Behavioral Economics.

I Used To Hold A Unitary View, In Which I Proposed That Only Experienced Happiness Matters, And That Life Satisfaction Is A Fallible Estimate Of True Happiness.

The Idea That You Can Ask One Question And It Makes The Point - Well, That Wasn't How Psychology Was Done At The Time.

Hindsight Bias Makes Surprises Vanish.