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"People tend to be clueless about prices. Contrary to economic theory, we don't really decide between A and B by consulting our invisible price tags and purchasing the one that yields the higher utility, he says. We make do with guesstimates and a vague recollection of what things are “supposed to cost.”"

— William Poundstone
william poundstone Quotes Recollection,Vague,Economic Theory

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W
William Poundstone
Recollection
Vague
Economic Theory
Utility
Contrary
Clueless
Tag
Purchasing
Consulting
Price Tag

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When Hillary Clinton talks about adding more restrictions and complexity to our financial system, as she did in her economic policy speech, it shows how clueless she is about how the economy actually works.

— Carly Fiorina

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Highly intelligent and well-informed people disagree on every political issue. Therefore, intelligence and knowledge are useless for making decisions, because if any of that stuff helped, then all the smart people would have the same opinions. So use your "gut instinct" to make voting choices. That is exactly like being clueless, but with the added advantage that you'll feel as if your random vote preserved democracy.

— Scott Adams

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