Behavioral Economics

aims to incorporate scientific insights on human behavior into the economic analysis of individual decision making, strategic interactions, and performance of financial markets.

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BSP Articles

  • Applying behavioral sciences in the service of four major economic problems - Summary. Behavioral scientists have developed a powerful tool kit for understanding individual decisionmaking and have embedded it in a framework that acknowledges the need for robust experimentation to determine optimal public policy. But to date, the integration of behavioral science into public policy has proceeded from developing a set of tools to then searching for problems […]
  • A personal touch in text messaging can improve microloan repayment - Summary. Because payment delays and defaults significantly affect both lenders and borrowers in fragile economies, strategies to improve timely loan repayment are needed to help make credit markets work smoothly. We worked with two microlenders to test the impact of randomly assigned text message reminders for loan repayments in the Philippines. Messages improved repayment only when […]
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Resources

Trump and Bush, Thinking Fast and Slow

By |August 13th, 2015|Categories: Behavioral Economics, News, Resources|

http://www.bloombergview.com/articles/2015-08-05/trump-and-bush-thinking-fast-and-slow

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Finance Has Caught On to Behavioral Economics

By |August 13th, 2015|Categories: Behavioral Economics, Discussions, Financial Decision Making, Resources|

http://www.bloombergview.com/articles/2015-06-09/finance-has-caught-on-to-behavioral-economics

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How a Bowl of Cashews Changed the Way You Save for Retirement

By |August 13th, 2015|Categories: Behavioral Economics, Discussions, Resources|

http://time.com/money/3853922/richard-thaler-behavioral-economics-cashews/

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Media

The Future of the Affordable Care Act: A Debate on Its Effects [Henry Aaron]

By |August 12th, 2015|Categories: Behavioral Economics, Health, Media, Read|

http://www.brookings.edu/research/speeches/2013/04/12-future-affordable-care-act-aaron

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Prospecting for a theory on investor behaviour [Financial Times]

By |August 12th, 2015|Categories: Behavioral Economics, Financial Decision Making, Media, Read|

http://clippings.ft.com/listnavigator/ex3mh/16844392

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