Behavioral and Experimental Economics Can Inform Public Policy: Some Thoughts

Arno Riedl

No 2902, CESifo Working Paper Series from CESifo

Abstract: Experimental and behavioral economics are well established branches in the economic science. This essay presents and discusses some results and behavioral regularities from these fields which are of potential importance for public policy. After a brief introduction of what experimental and behavioral economics is, some behavioural regularities as presentation and framing effects, pro-social behavior, and reciprocity are introduced and it is reported how they interact with prominent trading institutions, taxation, and social and individual well-being. Throughout some implications for public policy are discussed.

Keywords: public economics; experimental economics; behavioral economics; public policy (search for similar items in EconPapers)
JEL-codes: C90 D00 H00 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: Behavioral and Experimental Economics Can Inform Public Policy: Some Thoughts (2010)
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