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
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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
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3
Q

The right to be wrong: it is helpful to make mistakes

A

Opt-outs protect people’s freedom to make mistakes

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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
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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
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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.
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