Economics Dictionary of ArgumentsHome
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| Nudging: Nudging is a behavioral economics concept involving subtle changes in the presentation of choices to influence decision-making without restricting options. It aims to guide individuals toward beneficial decisions by leveraging psychological factors, often through small interventions that encourage desirable behaviors. See also Decision-making processes, Decisions, Decision theory, Interventions._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Behavioral Economics on Nudging - Dictionary of Arguments
Henderson I 96 Nudging/behavioral economics/Henderson/Globerman: (…) behavioural economics has had an impact on public policy. Regulators have implemented policies to "nudge" people to make what the regulators believe are better decisions. Example: (…) the British government established a Nudge Unit in 2010 to encourage people to alter their behaviour across a variety of activities. Perhaps the most prominent application of the nudge principle was the introduction of automatic enrollment for pensions in public- and private-sector organizations. Rather than having people opt into voluntary pension Plans, "nudgers" designed the choice architecture so that people were automatically enrolled unless they chose to opt out. The government's motivation for the nudge was the belief of policymakers that individuals were not saving enough money for retirement. This specific nudge was subsequently adopted by many public and private sector organizations in other countries. >Richard Thaler, >Behavioral economics._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Behavioral Economics Henderson I David R. Henderson Steven Globerman The Essential UCLA School of Economics Vancouver: Fraser Institute. 2019 |
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