Nudge Theory in Action

This collection challenges the popular but abstract concept of nudging, demonstrating the real-world application of behavioral economics in policy-making and technology. Groundbreaking and practical, it considers the existing political incentives and regulatory institutions that shape the environment in which behavioral policy-making occurs, as well as alternatives to government nudges already provided by the market. The contributions discuss the use of regulations and technology to help consumers overcome their behavioral biases and make better choices, considering the ethical questions of government and market nudges and the uncertainty inherent in designing effective nudges. Four case studies - on weight loss, energy efficiency, consumer finance, and health care - put the discussion of the efficiency of nudges into concrete, recognizable terms. A must-read for researchers studying the public policy applications of behavioral economics, this book will also appeal to practicing lawmakers and regulators.

Sherzod Abdukadirov is Research Fellow in the Regulatory Studies Program at the Mercatus Center at George Mason University, USA. He specializes in the federal regulatory process, behavioral economics, and food and health policy.

Contributors

Jodi N. Beggs, Northeastern University, USA

Jessica Carges, George Mason University, USA

Tyler Cowen, George Mason University, USA

Robert Graboyes, George Mason University, USA

Brian F. Mannix, George Washington University, USA

Michael L. Marlow, California Polytechnic State University, USA

Sofie E. Miller, George Washington University, USA

Mario J. Rizzo, New York University, USA

Adam C. Smith, Johnson & Wales University, USA

Adam Thierer, George Mason University, USA

Stephen Wendel, Morningstar, Inc., USA

Mark D. White, College of Staten Island, CUNY, USA

Richard A. Williams, George Mason University, USA

Todd J. Zywicki, George Mason University, USA