Designing Public Policy According to Achievements of Behavioural Economics

Danuta Miłaszewicz ()
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Danuta Miłaszewicz: Institute of Economy, University of Szczecin

Chapter Chapter 4 in Experimental and Quantitative Methods in Contemporary Economics, 2020, pp 47-57 from Springer

Abstract: Abstract The assumptions of behavioural economics, about cognitive biases, heuristics, and observations that sometimes individuals are not the best judges of their own well-being, are now being used in the paternalist libertarian approach. It is the basis for creating a behavioural public policy. Previous experience in its implementation has allowed the development of strategies for policy and regulatory design. Applying this approach should lead to increasing the efficiency of the public policy, often thanks to quite small, simple and not too expensive interventions. The aim of the study is to analyse the existing possibilities of using the achievements of behavioural economics in the public policy with reference to the strategy of creating and conducting behavioural public interventions. This aim was achieved thanks to the application of critical literature analysis and desk research.

Keywords: Behavioural public policy; Nudging; Principles of good choice architecture (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-30251-1_4

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DOI: 10.1007/978-3-030-30251-1_4

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