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Boosts: A Remedy for Rizzo and Whitman’s Panglossian Fatalism

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  • Till Grüne-Yanoff

Abstract

I identify two problematic conclusions that remain somewhat implicit in Rizzo and Whitman’s book: the Panglossian conclusion that whatever the individual thinks or wants is best for her, and the Fatalistic conclusion that there are no justified paternalistic interventions. Against the first conclusion, I critically discuss the authors’ arguments against consistency-based rationality. Against the second, I show that there is a whole class of paternalistic interventions, Boosts, that do not require Rizzo and Whitman’s demanding epistemic preconditions in order to be successful.

Suggested Citation

  • Till Grüne-Yanoff, 2021. "Boosts: A Remedy for Rizzo and Whitman’s Panglossian Fatalism," Review of Behavioral Economics, now publishers, vol. 8(3-4), pages 285-303, December.
    • Handle: RePEc:now:jnlrbe:105.00000143
    DOI: 10.1561/105.00000143
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    Keywords

    Behavioral policy; nudge; boost; Libertarianism; paternalism; rationality; consistency; knowledge deficit;
    All these keywords.

    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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