Do people like government ‘nudges’? Study says: Yes On Oct. 9, Richard Thaler of the University of Chicago won the Nobel Prize for his extraordinary, world-transforming work in behavioral economics. In its press release, the Royal Swedish Academy of Sciences … Continue reading A world of nudges
Deregulation of Air-Safety Rules Can Be a Model The Trump administration has a real opportunity to deliver on its promise to streamline the regulatory state. That opportunity comes from the proposed elimination of more than 50 regulations imposed on the … Continue reading To Deregulate, or Not
Much Ado About Nudging In their provocative paper, “Putting Nudges in Perspective”, George Loewenstein and Nick Chater attempt to correct what they perceive to be a serious problem in the research agenda of applying behavioral economics to public policy. The … Continue reading Are prohibitions ineffective?
The potential of behavioural economics: beyond the nudge Behavioural economics is a revolutionary field. Its champions may not have beheaded any royalty, but they have done the academic equivalent by overthrowing a paradigm that ruled our thinking and shaped our … Continue reading A nudge bias
A new challenge for behavioural economics Many of the best known examples of everyday Behavioural Economics are about health, wealth and wellbeing. Not surprisingly, these three central aspects of our life feature in the subtitle of Thaler and Sunstein’s popular … Continue reading Safeguarding democracy
Can Behavioral Science Help in Flint? A week after Donald Trump’s election, a thirty-year-old cognitive scientist named Maya Shankar purchased a plane ticket to Flint, Michigan. Shankar held one of the more unorthodox jobs in the Obama White House, running … Continue reading Nudge for good
The Best Films of 2016 (for Behavioral Economists) As everyone knows, the most coveted of the year-end movie awards are the Becons — the Behavioral Economics Oscars. It’s no surprise that winning the Becon has catapulted previously unknown talents — … Continue reading The Behavioral Economics Oscars