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slightly altering choice conditions (here nudge 1), they use rationality failures instrumentally (here nudge 2), and they … the foundational level. We particularly emphasize the need of reconsidering the respective roles of decision theory and …
Persistent link: https://www.econbiz.de/10011741579
Glen Whitman's book Escaping Paternalism: Rationality, Behavioral Economics and Public Policy (2020). Although the paper …
Persistent link: https://www.econbiz.de/10012825182
another sense, it is concerned with bounded rationality as a means of the policy, and in still another sense, it is concerned … with bounded rationality as an obstacle to be removed by the policy, when the latter has a benevolent aim. The paper … behavioural economics, compared with that of classical rational choice theory, to account for successful interventions. After …
Persistent link: https://www.econbiz.de/10011147718
I derive a social planner's optimal information design in an environment with quasi-hyperbolic discounting consumers without commitment. Consumption induces instantaneous utility, but unknown delayed cost. Consumers may or may not acquire additional costless information on the cost parameter....
Persistent link: https://www.econbiz.de/10011902726
Persistent link: https://www.econbiz.de/10013491385
Behavioral economists have identified certain biases in decision-making that lead people to make decisions that harm themselves, but there is insufficient guidance for estimating benefits in the presence of such behavioral failures. This gap in principles and standards for benefit-cost analysis...
Persistent link: https://www.econbiz.de/10012999909
micro-economic theory on the level of individuals. Since economics is a social science, this article proposes that the next …
Persistent link: https://www.econbiz.de/10010340383
micro-economic theory on the level of individuals. Since economics is a social science, this article proposes that the next …
Persistent link: https://www.econbiz.de/10010187548
Moderne Marktordnungen schützen den Verbraucher vor Schäden und sichern den Leistungswettbewerb und die Funktionsfähigkeit von Märkten. Wettbewerbsorientierte Verbraucherpolitik und verbraucherorientierte Wettbewerbspolitik ergänzen sich dabei. Die Verhaltensökonomik zeigt allerdings, dass...
Persistent link: https://www.econbiz.de/10009689209
Libertarian paternalism, as advanced by Cass Sunstein, is seriously flawed, but not primarily for the reasons that most commentators suggest. Libertarian paternalism and its attendant regulatory implications are too libertarian, not too paternalistic, and as a result are in considerable tension...
Persistent link: https://www.econbiz.de/10013012598