Nudges, shoves, regulations and designs: debate in Behavioral and Brain Sciences #EconTwitter #behavioraleconomics #marketdesign #nudges
http://marketdesigner.blogspot.com/2023/09/nudges-shoves-regulations-and-designs.html

Just out in Behavioral and Brain Sciences: "Real systemic solutions to humanity's problems require a radical reshaping of the global political system." [paywall; ask me for a copy]

#capitalism #socialjustice #revolution #ClimateCrisis #behavioraleconomics

https://doi.org/10.1017/S0140525X23001061

Next was a fantastic talk by Joowon Klusowski on choice and illusion of control at #DataColada. Through a series of rigorous experiments, Klusowski takes an absolute hammer to the notion that choice causes an illusion of control, showing instead that many of the effects of choice that are observed are due to pre-existing illusions. Highly recommend https://www.youtube.com/watch?v=Z4m_4TANQj8 (5/8) #psychology #BehavioralEconomics

#behaviouralscience
#behavioraleconomics

Fabricated data in research about honesty. You can't make this stuff up. Or, can you?

"But recently, questions have arisen about whether the data Ariely and Gino relied on in their famous paper about honesty were fabricated — whether their research into honesty was itself built on lies."

https://www.npr.org/2023/07/27/1190568472/dan-ariely-francesca-gino-harvard-dishonesty-fabricated-data

Social Preferences under the Shadow of the Future http://d.repec.org/n?u=RePEc:rco:dpaper:406&r=exp
… high levels of cooperation can persist despite strategic incentives to defect when prosocial individuals interact in segregated groups
#ExperimentalEcon #BehavioralEconomics

Professor Cass Sunstein Launches Behavioural Law and Economics Unit at QUT https://youtu.be/xp47yS46JOY via BEST Centre #law #economics #behavioraleconomics

I'll Try That, Too http://d.repec.org/n?u=RePEc:rco:dpaper:404&r=exp
"…finds a positive effect of the display promotion on unit sales, which is stronger for stores with high variety. …stronger promotion uplift for less popular products in stores with high variety on the display. This suggests that more variety may increase consumers’ willingness to try new products, when the financial risk is low"
#ExperimentalEcon
no #ChoiceOverload
#BehavioralEconomics

Is the Endowment Effect Due to Incomparability? https://kevindorst.substack.com/p/is-the-endowment-effect-due-to-incomparability
"The #endowmentEffect is the finding that merely owning an item seems to make people value it more. It’s a problem for standard economic models, and helped spur the rise of #behavioralEconomics. But a simple generalization of those standard models—one that philosophers have long defended—can explain the empirical data."

It's not a bug, it's a feature: Revisiting Kahneman and Tversky's insights on subjective satisfaction https://lionelpage.substack.com/p/its-not-a-bug-its-a-feature-revisiting
#BoundedRationality #BehavioralEconomics

@CPDPconferences @sfiscience @barbararlaz @aurelie Next was an excellent talk by Dan Feiler on the worst-first heuristic at Data Colada. Feiler shows that when people are trying to solve complex problems with dependent parts, they often place excessive value on improving the weakest link even when that's not statistically correct. Highly recommend https://www.youtube.com/watch?v=Aac_1gwCLxI (5/7) #psychology #statistics #BehavioralEconomics

Free to fail? Paternalistic preferences in the United States http://d.repec.org/n?u=RePEc:zur:econwp:436&r=cbe
"Only about 1/3 implement a hard intervention that removes the stakeholder’s freedom to choose, while a large majority implement a soft intervention that provides information w/o restricting the choice set…regardless of the stakeholder’s responsibility for being mistaken about the choice set–whether the source of mistake is internal or external."
#BehavioralEconomics

Next was a nice talk by Fatima Koaik on behavioral spillovers at the Indian Institute of Management Ahmedabad. I always wait to get excited about results until seeing independent replications, but Koaik shows some interesting experimental results here that deserve further examination https://www.youtube.com/watch?v=LCCg2U0yxoY (6/9) #economics #BehavioralEconomics

Committee Deliberation and #Gender Differences in Influence http://d.repec.org/n?u=RePEc:ajk:ajkdps:234&r=lab
… committees’ final hiring decisions are systematically less aligned with the initial recommendations of women than with those of men, even though women are equally qualified & experienced. The estimated distribution of influence reveals that almost all men are more influential than the median woman. #BehavioralEconomics #LaborEconomics

Great summary of how various economic theories can contribute to better #climate #modeling by J.Christopher Proctor.

#openaccess https://link.springer.com/article/10.1007/s43253-023-00098-7

His Twitter thread can be found here: https://twitter.com/Jcproctor29/status/1661404488735895552?s=20

#PostKeynesian
#EvolutionaryEconomics
#FeministEconomics
#EcologicalEconomics
#MarxianEconomics
#InstitutionalEconomics
#CooperativeEconomics
#BehavioralEconomics

Structural #Bayesian Techniques for Experimental and #BehavioralEconomics
https://jamesblandecon.github.io/StructuralBayesianTechniques/introduction.html
book draft by @jamesbland
#ExperimentalEcon #Econometrics

the most interesting part about mobile gaming and mobile+social advertising is that we're raising an entire generation of kids whose formative experience with a market economy is…a crooked casino.

Largest, worst-designed, and riskiest #behavioralEconomics experiment of all time

Revisiting the Behavioral Revolution in Economics https://www.project-syndicate.org/commentary/behavioral-economics-revolution-has-been-tamed-by-antara-haldar-2023-06
#BehavioralEconomics #BoundedRationality #ReplicationCrisis

Nudges are everywhere from the tipping prompts at your next takeout to the enrollment defaults in your health insurance plan.

Are you curious how nudging shows up in the software we build?

Join me as I explore some of these ideas in Nudging Towards Better Software (https://blog.efficiencygeek.com/nudging-towards-better-software-behavioralit).

#nudge #softwaredevelopment #behavioralIT #choicearchitecture #behavioraleconomics #software

Next was a great conversation with Uri Gneezy on #incentives and behavior at the Behavior Change for Good Initiative. There's a lot of nice #BehavioralEconomics studies and approaches presented here, and excellent commentary on leaders thinking that they shouldn't test because they're supposed to know all the answers - but they should test anyway. Highly recommend https://www.youtube.com/watch?v=QZHscUtgmfQ (8/10)

"…improper to consider Adam Smith a behavioral economist, given his staunch defense of a limited government, & his criticism of the “man of the system” who wants to arrange the lives of people as if the latter were pieces in a chessboard"
https://www.adamsmithworks.org/documents/adam-smith-as-behavioral-economist
I oppose this characterization of #BehavioralEconomics. It's not about government intervention & #paternalism. It's about understanding #BoundedRationality, #DecisionMaking within the limits of our cognitive resources, knowledge, & time.