An Old Measure of Decision-Making Quality Sheds New Light on Paternalism

Shachar Kariv and Dan Silverman

Journal of Institutional and Theoretical Economics (JITE), 2013, vol. 169, issue 1, 29-44

Abstract: Definitive judgment about the quality of decision-making is made difficult by twin problems of measurement and identification. A measure of decision-making quality is hard to formalize, to quantify, and to make practical for use in a variety of choice environments; and it is difficult to distinguish differences in decision-making quality from unobserved differences in preferences, information, beliefs, or constraints. In this paper, we describe a widely applicable set of tools for theoretical analysis and experimental methods for addressing these problems. These tools and methods can indicate a more targeted approach to ilight paternalismj polices aimed at improving decision-making quality.

JEL-codes: D01 D02 D03 D04 P43 P46 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (12)

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DOI: 10.1628/093245613X660384

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