Behavioral economics

Nudge

Coronavirus Crisis Putting UK Nudging to the Test

If the promises of behavioral science can be believed, the UK government’s use of it would potentially minimize economic disruption while still tackling the crisis. This is because, in theory, behavioral science can achieve desirable behaviors without significantly impacting other day-to-day activities. However, the question is whether in practice behavioral science is helping to mitigate disaster.

7 months ago
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Close Encounters with Behavioral Economics: Four Essential Reads for 2017

The year 2017 turned out to be the start for mainstream behavioral economics after a leading practitioner in the field won a Nobel prize for his work. Throughout 2017, The Conversation asked experts in economics, psychology and other areas to address the power of this burgeoning field, as well as its potential for misuse. Here are some articles for your consideration.

3 years ago
238
Richard Thaler in Big Short

What Nudged the Nobel Committee to Honor Richard Thaler?

Richard Thaler was not the first proponent of behavioral economics to be awarded a Nobel Prize, notes Sergey Popov. But Thaler’s star turn came when the Great Recession and it orgy or irrationality brought a lot of attention to research that extensively cites the University of Chicago’s economist’s 40-year-long academic career.

3 years ago
482
Richard H. Thaler

A Founding Father of Behavioral Economics Wins Nobel Prize

Richard H. Thaler, the University of Chicago economist whose contributions linking psychology to the ‘dismal science’ caught the public’s eye in his co-authored bestselling book Nudge, has received this year’s Nobel Prize in economic sciences.

3 years ago
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Syrian refugees in Budapest

Sometimes a Nudge is as Good as a Wink

When it comes to many of the big decisions faced by governments – and the private sector – behavioral science has more to offer than simple nudges.

4 years ago
309
Winston Smith in 1984

1984 Is Knocking At The Door. Let It In

When governments nudge people to do healthful things it IS a little bit like 1984, says Mike Marinetto. But it’s more like a big brother than Big Brother, he adds.

7 years ago
434
Robert Shiller

Robert Shiller on Behavioral Economics

In the past twenty years there has been a revolution in economics with the study not of how people would behave if they were perfectly rational, but of how they actually behave. At the vanguard of this movement is Robert Shiller of Yale University. He sits down with Nigel Warburton in this episode of the Social Science Bites podcast

8 years ago
4413

The truth about bonuses

New research from economists at the University of Nottingham suggests that incentive payments in the form of cash bonuses don’t […]

10 years ago
258