Quote

It was shocking to realize how many low-income Americans don't have savings accounts.

Dan Ariely

Change background

T
T
T

Change font

TAGS & TOPICS

Dan Ariely
Age: 57
Born: 1967
Born: April 29
Economist
Pedagogue
Professor
Psychologist
University Teacher
Writer
New York City
New York
Lows
Americans
Realize
Realizing
Savings
Many
Shocking
Saving
Accounts
Income

More quotes by Dan Ariely

Image
Linking financial element to energy consumption I think has a huge role if you think about a display instrument that could teach us about what we are using, how much it costs us, how much it is saving, and therefore change our decisions.
Dan Ariely
Image
Money is a wonderful invention. It lets us save, it lets us specialize, right? I couldn't be a professor if there wasn't any money. Every day I would have to raise chicken and bread and broccoli and go ahead and spend all my time trading. So, money is a wonderful mechanism.
Dan Ariely
Image
Companies, however unintentionally, choke the motivation out of their employees.
Dan Ariely
Image
When it comes to the mental world, when we design things like health care and retirement and stock markets, we somehow forget the idea that we are limited. I think that if we understood our cognitive limitations in the same way that we understand our physical limitations … we could design a better world.
Dan Ariely
Image
that when given the opportunity, many honest people will cheat.
Dan Ariely
Image
The major thing that holds you back when you're trying to change a bad habit like eating, smoking, or drinking too much is your belief you are out of control.
Dan Ariely
Image
One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.
Dan Ariely
Image
Rainy day savings are incredibly important, because from time to time, bad things happen. And if you're not prepared for that, it's going to be really terrible.
Dan Ariely
Image
The problem is that people basically dangle debt in front of us. And the cost for the poor of course is much higher than for the wealthy.
Dan Ariely
Image
While we somehow understand revenge on an intuitive level between individuals, I do suspect that companies, assuming that people are rational, completely miss and underestimate the motivation people have for revenge.
Dan Ariely
Image
The people that lend you money basically give you an answer based on the risk that they are willing to take. But just because a bank is willing to take a particular risk doesn't mean that that is the right amount for me to spend.
Dan Ariely
Image
The problem with opportunity cost is that opportunity cost is divided among many, many things.
Dan Ariely
Image
A very simple bad decision is to get into debt. And that is very expensive.
Dan Ariely
Image
With everything you do, in fact, you should train yourself to question your repeated behaviors.
Dan Ariely
Image
When you get a checking account, you should have a savings account, and the number for the savings account should be one off of your checking account.
Dan Ariely
Image
The things that motivate us are to help other people, to feel that we're useful, to feel that we're getting better, to feel that we are kind of living to our potential, to get a sense of meaning. All of those things are positive.
Dan Ariely
Image
We usually think of ourselves as sitting the driver's seat, with ultimate control over the decisions we made and the direction our life takes but, alas, this perception has more to do with our desires-with how we want to view ourselves, than with reality.
Dan Ariely
Image
When parents have college savings accounts for their kids, their kids show higher social and cognitive performance.
Dan Ariely
Image
But suppose we are nothing more than the sum of our first, naive, random behaviors. What then?
Dan Ariely
Image
In life we encounter many people who, in some way or another, try to tattoo our faces.
Dan Ariely