Two small nudges help cut back on opioid prescriptions A major source of the opioid crisis is overprescribing by well-meaning doctors who want to relieve patients’ pain, but are insufficiently focused on the risks. Could behavioral economics help change that … Continue reading Reasons to change
Would You Go to a Republican Doctor? Suppose you need to see a dermatologist. Your friend recommends a doctor, explaining that “she trained at the best hospital in the country and is regarded as one of the top dermatologists in … Continue reading Choice on one dimension
Behavioural Nudges: Mildly Paternalistic or a Threat to Economic Justice for the Poor? Behavioural “nudges” involve the use of insights from behavioural sciences to steer human behaviour. They are increasingly seen by governments as a cheap and effective way of … Continue reading Nudges for the poor
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