“Small Miracles” — Behavioral Insights to Improve Development Policy: The World Development Report 2015

Allison Demeritt () and Karla Hoff
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Allison Demeritt: University of Washington

Chapter 3 in Contemporary Issues in Development Economics, 2016, pp 19-43 from Palgrave Macmillan

Abstract: Abstract Rational actor models dominate much modern economic thinking. But rational choice theory cannot explain the striking effects of the policies discussed in the World Bank’s latest World Development Report (World Bank Group 2015). In his review of the report in The New York Times, David Brooks celebrates the behavioral approach to development because it creates opportunities for policy interventions that produce “small miracles” from the perspective of traditional economics.

Keywords: Social Identity; American Economic Review; Professional Identity; Implicit Association Test; Automatic Thinking (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/9781137529749_3

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