10 - Behavioral Public Economics Flashcards
Seemingly irrelevant factors
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Empirical evidence of mistakes
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Kahneman and Tversky
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Framing: Kahneman-Tversky (1984)
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Summary of obversations by Kahneman and Tversky
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Observational evidence: default effects
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More observational evidence
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Behaviorally motivated policy
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Savings and pensions
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Caveats for the use of automatic savings
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Correcting externalities
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Social insurance (Spinnewijn 2014)
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Health insurance
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Other policies
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Regulation and Consumer Protection
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Example: Credit Cards
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Reforms in the US
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How much regulation is too much?
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Optimal policy in a behavioral world
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Positive and normative rationality
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Biases versus strange preferences
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Proposed solutions
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Normative ambiguity is not actually new
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Summary of Behavioral Public Economics
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