Archivio per 29 gennaio 2015

29
Gen
15

A Political Justification of Nudging

See on Scoop.itBounded Rationality and Beyond
Abstract: Nudge policies are typically justified from paternalistic premises: nudges are acceptable if they benefit the individuals who are nudged. A tacit assumption behind this strategy is that the biases of decision that choice architects attempt to eliminate generate costs that are paid mainly by the decision-makers. For example, in the case of intertemporal discounting, the costs of preference reversal are paid by the discounters. We argue that this assumption is unwarranted. In the real world the costs of reversal are often transferred onto other individuals. But if this is the case, the biases create externalities, and nudges are best justified from a political rather than paternalistic standpoint. 
See on www-ceel.economia.unitn.it

Annunci
29
Gen
15

How emotions influence what we buy | Giancarlo Mirmillo | LinkedIn

See on Scoop.itBounded Rationality and Beyond

People believe that the choices they make result from a rational analysis of available alternatives.

In reality, however, emotions greatly influence and, in many cases, even determine our decisions. In his book, Descartes Error, Antonio Damasio, professor of neuroscience at the University of Southern California, argues that emotion is a necessary ingredient to almost all decisions.

See on linkedin.com




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