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Psychology Implies Paternalism? Bounded Rationality may Reduce the Rationale to Regulate Risk-Taking

  • Nathan Berg


  • Gerd Gigerenzer

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Article provided by Springer & The Society for Social Choice and Welfare in its journal Social Choice and Welfare.

Volume (Year): 28 (2007)
Issue (Month): 2 (February)
Pages: 337-359

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Handle: RePEc:spr:sochwe:v:28:y:2007:i:2:p:337-359
DOI: 10.1007/s00355-006-0169-0
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  1. Götte, Lorenz & Huffman, David B. & Fehr, Ernst, 2003. "Loss Aversion and Labor Supply," IZA Discussion Papers 927, Institute for the Study of Labor (IZA).
  2. Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, vol. 68(2), pages 1-16, May.
  3. James Choi & David Laibson & Brigitte Madrian & Andrew Metrick, 2005. "Optimal Defaults and Active Decisions," Levine's Bibliography 666156000000000488, UCLA Department of Economics.
  4. Elster, Jon, 1991. "Local justice : How institutions allocate scarce goods and necessary burdens," European Economic Review, Elsevier, vol. 35(2-3), pages 273-291, April.
  5. Caplan, Bryan, 2001. "Rational Ignorance versus Rational Irrationality," Kyklos, Wiley Blackwell, vol. 54(1), pages 3-26.
  6. Frey, Bruno S. & Stutzer, Alois, 2013. "Economic Consequences of Mispredicting Utility," IZA Discussion Papers 7430, Institute for the Study of Labor (IZA).
  7. Cosmides, Leda & Tooby, John, 1994. "Better than Rational: Evolutionary Psychology and the Invisible Hand," American Economic Review, American Economic Association, vol. 84(2), pages 327-32, May.
  8. Cass R. Sunstein & Richard H. Thaler, 2003. "Libertarian paternalism is not an oxymoron," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 48(Jun).
  9. Richard W. Kopcke & Jane Sneddon Little & Geoffrey M.B. Tootell, 2004. "How humans behave: implications for economics and economic policy," New England Economic Review, Federal Reserve Bank of Boston, pages 3-35.
  10. Sunstein, Cass R & Schkade, David A & Kahneman, Daniel, 2000. "Do People Want Optimal Deterrence?," The Journal of Legal Studies, University of Chicago Press, vol. 29(1), pages 237-53, January.
  11. Sheshinski, Eytan, 2000. "Optimal Policy to Influence Individual Choice Probabilities," MPRA Paper 55490, University Library of Munich, Germany, revised Dec 2002.
  12. Richard H. Thaler & Cass R. Sunstein, 2003. "Libertarian Paternalism," American Economic Review, American Economic Association, vol. 93(2), pages 175-179, May.
  13. Camerer, Colin & Babcock, Linda & Loewenstein, George & Thaler, Richard, 1996. "Labor Supply of New York City Cab Drivers: One Day At A time," Working Papers 960, California Institute of Technology, Division of the Humanities and Social Sciences.
  14. Alan Kirman, 1993. "Ants, Rationality, and Recruitment," The Quarterly Journal of Economics, Oxford University Press, vol. 108(1), pages 137-156.
  15. L. Randall Wray & Stephanie Bell, 2004. "Introduction," Chapters, in: Credit and State Theories of Money, chapter 1 Edward Elgar Publishing.
  16. Richard H. Thaler & Shlomo Benartzi, 2004. "Save More Tomorrow (TM): Using Behavioral Economics to Increase Employee Saving," Journal of Political Economy, University of Chicago Press, vol. 112(S1), pages S164-S187, February.
  17. Nathan Berg & Donald Lien, 2003. "Tracking error decision rules and accumulated wealth," Applied Mathematical Finance, Taylor & Francis Journals, vol. 10(2), pages 91-119.
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