Week 13 Lectures Flashcards
What is libertarian paternalism?
How can you maintain freedom while still controlling an individual’s behavior.
What is needed to delay a person’s behavior?
Time
What is policy?
A social tool used to control behavior. This functions by setting rules to guide behavior and rules are enforced by social institutions
What are institutions?
Organized groups of people who control social goals and rules
What is the role of governments?
Public institution that forms policy/rules at a local, state, and federal levels
What is regulation?
Method used to enforce policy rules by reward or punishment
What is the purpose of the Luca 2017 article?
The purpose is to test the effects of government policy on gun deaths
and the rule is to abide by a waiting period for gun purchases
What is the buyer cool off?
To decrease gun related deaths
and disrupt hot arousal or visceral responses and allow time for background check
What is the purpose of Nudge Ch. 11?
The purpose is to apply nudges to personal finance and offer loan and credit card examples
