Applying Behavioural Economics to International Development Policy

Leigh Anderson and Kostas G. Stamoulis

No RP2006-24, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Many development policies and programmes are premised on a traditional economic model of rationality to predict how individuals will respond to changes in incentives. Despite the emphasis of these programmes on poverty reduction, economists and the development community in general are still unable to fully understand how the poor make decisions, especially under uncertainty and over time.

Keywords: Decision making; Economic development; Economic policy; Poor; Uncertainty (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (4)

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