Evaluation

Patrik Michaelsen () and Cass R. Sunstein ()
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Patrik Michaelsen: University of Gothenburg
Cass R. Sunstein: Harvard University

Chapter Chapter 4 in Default Nudges, 2023, pp 59-71 from Springer

Abstract: Abstract In evaluating default nudges and other behaviorally informed interventions, it is essential to consider their welfare effects and their effects on distributive justice. Policymakers should ask four specific questions. (1) What are the aggregate effects on social welfare? (2) Who is likely to be helped and who is likely to be hurt? (3) What are the expected effects on the least well-off? (4) Do the benefits to those who are helped exceed the costs to those who are hurt? Those questions should be the foundation not only for the evaluation of behaviorally informed regulation, including nudges, but also for the evaluation of regulation in general.

Keywords: Welfare; Prioritarianism; Distributional equity; Cost-effectiveness; Cost–benefit analysis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-21558-2_4

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DOI: 10.1007/978-3-031-21558-2_4

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