Overview
Public policy and economic behavioral interventions leverage insights from behavioral economics to design strategies that influence individual behaviors for societal benefit. By understanding how people make decisions, policymakers can create effective nudges that guide choices without limiting free...
Key Terms
Example: Behavioral economics explains why people might save less for retirement than they should.
Example: Placing healthy food at eye level in a cafeteria is a nudge towards better eating habits.
Example: Designing a policy to reduce smoking rates among teenagers.
Example: A financial literacy program can have a positive social impact by improving community savings rates.
Example: Surveys and experiments are common evaluation techniques.
Example: A case study on a successful public health campaign.