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" I practice what has come to be called behavioral economics. "

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" Even if we grade on a very generous curve, many Americans flunk when it comes to financial literacy. "

" If no estate tax is imposed, capital gains taxes can be avoided indefinitely. "

" Demanding that the rich get a tax cut as a condition for tax relief for others is simply elitist. "

" The good thing I will say about the Chicago School is that it was always about the world, not about the abstract. "

" Many Americans say they want to be organ donors, but they just don't get around to acting on their intentions. Helping these potential good Samaritans overcome their inertia could prolong thousands of lives a year. "

" We could all use more coaching. "

" Parents want their children to excel, callers to a victims' hot line want help, and sick people want to get well. Offering aids is like providing an alarm clock: it may help people get to an appointment on time, but no one is forcing them to use it. "

" It's not that we can predict bubbles - if we could, we would be rich. But we can certainly have a bubble warning system. "

" If we think that high marginal tax rates are bad because they distort incentives, the same is then true for tax subsidies. "

" In a democracy, if a government creates bad policies, it can be voted out of office. Competition in the private sector, however, can easily work to encourage phishing rather than stifle it. "

" Claiming that Social Security benefits are safe may sound naive, but my view is actually quite cynical. I believe that as long as the elderly continue to vote in large numbers, no Congress will renege on promised payouts for those already eligible to receive benefits. "

" The wealth in many large estates has never been taxed because it is largely in the form of unrealized - therefore untaxed - capital gains. "

" Companies are accumulating vast amounts of information about your likes and dislikes. But they are doing this not only because you're interesting. The more they know, the more money they can make. "

" Payroll savings plans are vital because they are essentially the only way that middle-class Americans reliably save for retirement. "

" Fortunately, economists open to new ways of thinking are finding novel ways to use supposedly irrelevant factors to make the world a better place. "

" I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else. "

" Everyone knows it's dangerous to ingest gasoline or to inhale its fumes. But I am starting to believe that merely thinking about the price of gasoline can damage cognitive processing. "

" When it comes to assessing the chances of some complicated combination of events, gut feelings are pretty much useless. "

" If governments want to encourage good citizenship, they should try making the desired behavior more fun. "

" One reason for high health care costs is that patients fail to follow their treatment regimen. "

" Shopping for an annuity with hundreds of thousands of dollars at stake can be daunting, even for an economist. "

" In the 1940s, economics started getting highly mathematical. It was basically because economists weren't smart enough to write down models of real behavior that they started writing down models of highly rational behavior - and they kind of forgot about humans. "

" Social Security may be the most beloved of all the government's programs, partly because it requires so little thinking. You pay taxes while you work, then you and your spouse collect until you die. "

" Sunk costs? We pay too much attention to them. "

" Doctors and hospitals should be paid for keeping their patients well. Paying them for doing more tests and surgeries creates bad incentives. "

" We all need a lot of humility, and especially about the economy. "

" Anybody who's ever been in a large organization realizes that 'optimizing' is not a word that would often be used to describe any large organization. The reason is that it's full of people, who are complicated. "

" You can't make evidence-based policy decisions without evidence. "

" Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating. "

" We should at least make sure that patients are given the opportunity to opt out of spending their final days in a hospital, hooked up to tubes and running up enormous bills. "