In promoting health, when to tiptoe — and when to stomp? When should a government regulate its citizens’ behavior, and when should it use behavioral tactics to nudge them toward doing the right thing? Behavioral scientist Pelle Guldborg Hansen, of … Continue reading Nudges for every rung
Interview with Professor Uri Gneezy Our Behavioural Economics Team (BETA) have interviewed Professor Uri Gneezy of UC San Diego for their podcast series. Professor Gneezy discusses what is a behavioural economist, how incentives affect behaviour, how can behavioural economics be … Continue reading The challenges of behavioural economics
Our 5 Favorite Behavioral Insights of 2017 We’ve learned a lot this year. Thankfully, we haven’t uncovered all the strange little quirks in human decision making, so with every passing year, a few more insights come to light. As 2017 … Continue reading The 2017 most innovative ideas
The Invisible Hook: How Pirate Society Proves Economic Self-Interest Wrong I recently took part in a workshop titled “Tensions in the Political Economy Project of F.A. Hayek”. The Austrian economist Friedrich Hayek (1899-1992) is a libertarian God and the workshop … Continue reading Sophisticated libertarianism
Policy shouldn’t rely on economic theory, but on data about actual human behavior The tax overhaul bill before Congress has a professed rationale that rests on economic theory. As neuroscientists who study decision making, we would like to raise a … Continue reading Truly rational policy
The Tax Bill Avoids this Planning Fallacy (for Now) As the proposed congressional tax bill has taken shape, there has been (and continues to be) much speculation about what the final bill will look like. The proposal passed by the … Continue reading Are you prepared for retirement?
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