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Behaviorally Informed Regulation, part 1

Authored by: Cass R. Sunstein

Routledge Handbook of Behavioral Economics

Print publication date:  July  2016
Online publication date:  August  2016

Print ISBN: 9781138821149
eBook ISBN: 9781315743479
Adobe ISBN: 9781317589242


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In recent decades, cognitive psychologists and behavioral economists have been incorporating empirical findings about human behavior into economic models. These findings have transformed our understanding of regulation and its likely consequences. They are also providing instructive lessons about the appropriate design of “nudges”— low-cost, choice-preserving, behaviorally informed approaches to regulatory problems, including disclosure requirements, default rules, and simplification (Thaler & Sunstein, 2008).

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