Book part 5 Flashcards
1
Q
Objections against nudging
A
- Libertarian paternalism
- Slippery slopes towards more intrusive interventions
- Freedom and active choice
- Nudges are manipulative
2
Q
Counterarguments
A
- Slippery slopes: it’s libertarian, choices of freedom reduce the steepness of the slopes
- It’s meant for the good
- Nudges are inevitable at times
- Freedom and active choice, we should not wish defaults away
- Nudges are not manipulative: reminders for appointments, calories on food packages and allergies mentioned
3
Q
The right to be wrong: it is helpful to make mistakes
A
Opt-outs protect people’s freedom to make mistakes
4
Q
Publicity and transparency in using nudging
A
- It steers people’s choices but doesn’t make decisions for them
- We should rely on transparency
- Transparency does not ruin effects, people can still be influenced positively when they know about it
5
Q
Publicity principle
A
- Choice architects in the private/public sector should adopt a polocy that they would be able to or willing to defend in publix
- The nudge should be ethical and justifiable
6
Q
Asymmetric paternalism
A
- Nudges that help the least sophisticated people and impose the smallest possible costs on the most sophisticated people
- How it helps the least sophisticated people: Individuals who may not understand the importance of saving for retirement or find the process confusing are automatically enrolled, ensuring they start saving without needing to take action.
- How it imposes minimal costs on the most sophisticated people: People who understand savings and already have a plan can easily opt out or adjust their contributions if the default doesn’t fit their needs.