The rise of behavioral economics has important implications for the study of government regulation. Above all, the endogeneity of preferences offers a large area for positive work. Some environmental outcomes can be explained by status quo bias and the endowment effect. These phenomena help...

Many nudges are designed to make people better off, as judged by themselves. This criterion, meant to ensure that nudges will increase people's welfare, contains some ambiguity. It is useful to distinguish among three categories of cases: (1) those in which choosers have clear antecedent...

A growing body of normative work explores how deference to people's choices might be reconciled with behavioral findings about human error. This work has strong implications for economic analysis of law, cost-benefit analysis, and regulatory policy. in light of behavioral findings, regulators...