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Behavioral economics is influencing regulatory initiatives in many nations, including the United States and the United Kingdom. The role of behavioral economics is likely to increase in the next generation, especially in light of the growing interest in low-cost, choice-preserving regulatory...
Persistent link: https://www.econbiz.de/10013086622
Impersonal default rules, chosen by private or public institutions, establish settings and starting points for countless goods and activities -- cell phones, rental car agreements, computers, savings plans, health insurance, websites, privacy, and much more. Some of these rules do a great deal...
Persistent link: https://www.econbiz.de/10013089764
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
words, government serves as our agent. Understood in light of Principal-Agent Theory (PAT) and Behavioral Principal …-Agent Theory (BPAT), a great deal of modern regulation can be helpfully evaluated as a hypothetical delegation. Shifting from …
Persistent link: https://www.econbiz.de/10013027459
for reflective and deliberative choice. One problem with manipulation, thus understood, is that it fails to respect people …'s autonomy and is an affront to their dignity. Another problem is that if they are products of manipulation, people's choices … central objection to manipulation is rooted in a version of Mill's Harm Principle: People know what is in their best interests …
Persistent link: https://www.econbiz.de/10013005249
Some people believe that nudges undermine human agency, but with appropriate nudges, neither agency nor consumer freedom is at risk. On the contrary, nudges can promote both goals. In some contexts, they are indispensable. There is no opposition between education on the one hand and nudges on...
Persistent link: https://www.econbiz.de/10013024342
. Generative AI promises automated, effective influence at scale. It can be used for good but poses a significant manipulation risk … about manipulation in AI. Therefore, this article outlines a partial research agenda to answer questions to enable the … questions about manipulation that must be answered to design generative AI responsibly …
Persistent link: https://www.econbiz.de/10014350024
, manipulation, and democratic self-government) can create serious confusion. To make progress, those abstractions must be brought … the concept and the practice of manipulation deserve careful attention. The concept of manipulation has a core and a …
Persistent link: https://www.econbiz.de/10013030123
In the modern regulatory state, there is a serious tension between two indispensable ideas. The first is that it is important to measure, both in advance and on a continuing basis, the effects of regulation on social welfare, usually through cost-benefit analysis. The second idea, attributable...
Persistent link: https://www.econbiz.de/10013045796
, energy, climate change, obesity, education, poverty, development, crime, corruption, health, and the environment. No nation …
Persistent link: https://www.econbiz.de/10013047378