On Freedom is a stimulating read that should nudge libertarians to stop and think harder about nudging
. But it could use a little more Hayek and a little less Big Mother.
The material in this paper was presented at the session Nudges and Nudging
: Behavioral Economics at Work at the NABE Annual Meeting, October 1, 2018.
In this model, hardly any conclusions can be drawn about the true preferences of a person, and their decisions cannot be improved through nudging
A Practitioner's Guide to Nudging
, Research Report Series: Behavioural Economics in Action.
Despite its theoretical elegance and flexibility, Sunstein's framework, like nearly all the literature on nudging
, relies on one crucial and often unspoken assumption: people are "nudge-able." (17) In other words, they are susceptible to influence.
But books such as "Nudge" by Richard Thaler and Cass Sunstein and "Thinking Fast and Slow" by Daniel Kahneman question that rationality, and provide much of the intellectual backbone for nudging
in the past decade.
Adverse effects on people can persist even when government mistakes on nudging
are eventually acknowledged.
Part I briefly describes a number of background concepts and reviews the reason nudging
is seen to be paternalistic.
This supports the theory that nudging
individuals can improve their welfare.
techniques (methods for adding a correction to the predictive equation of the variable to be adjusted at the grid point in the model) have proved to be useful for preventing RCMs from drifting away from large-scale driving fields [1,15, 30-32].
These findings have large implications for judgments about nudging
, behavioural prodding, common pool resources, practice theory, cognitive linguistics