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Books > Business & Economics > Economics > Microeconomics
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Behavioural Economics and Regulation - The Design Process of Regulatory Nudges (Hardcover)
Loot Price: R4,479
Discovery Miles 44 790
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Behavioural Economics and Regulation - The Design Process of Regulatory Nudges (Hardcover)
Series: Routledge Advances in Behavioural Economics and Finance
Expected to ship within 10 - 15 working days
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In recent years, the idea of "nudges" - small changes in individual
choice architecture that do not involve incentives or coercion -
has entered policy discourse and practice to address various
problems ranging from energy usage to retirement savings. However,
how nudges can be incorporated into regulatory practice, and
whether the experimental methodologies used to design nudges are
still appropriate when they are being used as a regulatory
instrument is still an unexplored issue. As this book shows, the
translation of ideas into the world of regulation is not so simple
and straightforward. By analysing the different experimental
alternatives that regulators can use when designing nudges and
through a close analysis of a real-world example - the case of the
European Union tobacco warnings - this book proposes an alternative
design process more in tune with the reality of regulation. The
book explores the implications of iterative experimental
methodologies and processes for regulators, concluding with a call
for an alternative nudging's design process tailored to the
regulatory space. This book is crucial for researchers and
policy-makers interested in the incorporation of nudging into
regulation and anyone interested in the implications of behavioural
economics - and evidence more generally - for regulatory design.
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