One Way to Save Money, Reduce Fraud and Employ People Faster During the height of the Great Recession, when 10 percent of workers were out of a job, unemployment insurance pumped $155 billion into the pockets of laid-off workers. Today, … Continue reading How to improve benefits programs
You’ve been framed: Why Narratives Matter How many times have you seen a headline similar to this – “Nigeria loses $34 billion to tomato/fish/toothpick imports?” If you’re Nigerian, you’ve heard an assertion like this at least once. And how does … Continue reading Framing economic policy
Behavioral Economics Isn’t Dead Yet Just a few years ago, many were proclaiming the decline of behavioral economics. In 2009, the well-known game theorist David Levine delivered a lecture called “Is Behavioral Economics Doomed?,” in which he casts doubt on … Continue reading Behavioral macroeconomics is alive
How do we measure well-being? Opinions differ on the definition of well-being. Yet there’s a growing consensus that it cannot be reduced to material consumption and that other aspects of life, such as health and good social relations, are essential … Continue reading Is happiness just satisfaction?
A Two-Word Psychological Concept Can Explain The Anger Over Obamacare’s Potential Repeal As you may have noticed, the prospect of Congress repealing the Affordable Care Act, as Republicans have long promised to do, has sparked a pretty furious political backlash. … Continue reading Obamacare and loss aversion
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
Using ‘behavioural nudges’ rather than ‘surgical strikes’ to curb corruption “I don’t care too much for money .. for money can’t buy me love”, crooned the Beatles more than 50 years ago. However, the problem is: people do care, not … Continue reading Nudges and black money