Over the coming decades, the increasingly popular “precautionary principle” is likely to have a significant impact on policies all over the world. Applying this principle could lead to dramatic changes in decision making. Possible applications include climate change, genetically modified food,...

We apply a novel crowdsourcing approach to provide rapid insights on the most promising interventions to promote uptake of COVID-19 booster vaccines. In the first stage, international experts proposed 46 unique interventions. To reduce noise and potential bias, in the second stage, experts and...

We identify and document a new principle of economic behavior: the principle of the Malevolent Hiding Hand. In a famous discussion, Albert Hirschman celebrated the Hiding Hand, which he saw as a benevolent mechanism by which unrealistically optimistic planners embark on unexpectedly challenging...

Rezension: Nudge ist der kleine "Schubser", eine Mischung aus Hilfestellung und Manipulation, mit dem "Entscheidungsarchitekten" in Firmen, Institutionen und Regierungen das Verhalten der Menschen zu deren Nutzen beeinflussen können. Die Autoren (Thaler ist Ökonom, Sunstein Jurist und Berater...