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Algorithms As a Vehicle to Reflective Equilibrium:‬ Behavioral Economics 2.0

In: The Economics of Transformative AI

Author

Listed:
  • Jens Ludwig
  • Sendhil Mullainathan
  • Sophia L. Pink
  • Ashesh Rambachan

Abstract

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Suggested Citation

  • Jens Ludwig & Sendhil Mullainathan & Sophia L. Pink & Ashesh Rambachan, 2025. "Algorithms As a Vehicle to Reflective Equilibrium:‬ Behavioral Economics 2.0," NBER Chapters, in: The Economics of Transformative AI, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:15325
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    References listed on IDEAS

    as
    1. 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 164-187, February.
    2. Sara B. Heller & Anuj K. Shah & Jonathan Guryan & Jens Ludwig & Sendhil Mullainathan & Harold A. Pollack, 2017. "Thinking, Fast and Slow? Some Field Experiments to Reduce Crime and Dropout in Chicago," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(1), pages 1-54.
    3. Cass R. Sunstein, 2024. "Choice engines and paternalistic AI," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-4, December.
    4. Jens Ludwig & Sendhil Mullainathan, 2021. "Fragile Algorithms and Fallible Decision-Makers: Lessons from the Justice System," Journal of Economic Perspectives, American Economic Association, vol. 35(4), pages 71-96, Fall.
    5. repec:cup:judgdm:v:8:y:2013:i:5:p:512-520 is not listed on IDEAS
    6. Xavier Gabaix & David Laibson, 2018. "Shrouded attributes, consumer myopia and information suppression in competitive markets," Chapters, in: Victor J. Tremblay & Elizabeth Schroeder & Carol Horton Tremblay (ed.), Handbook of Behavioral Industrial Organization, chapter 3, pages 40-74, Edward Elgar Publishing.
    7. Nathaniel Hendren & Ben Sprung-Keyser, 2020. "A Unified Welfare Analysis of Government Policies," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(3), pages 1209-1318.
    8. Matthew Rabin, 2013. "An Approach to Incorporating Psychology into Economics," American Economic Review, American Economic Association, vol. 103(3), pages 617-622, May.
    9. Jason Dana & Robyn Dawes & Nathanial Peterson, 2013. "Belief in the unstructured interview: The persistence of an illusion," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 8(5), pages 512-520, September.
    10. Ashesh Rambachan, 2024. "Identifying Prediction Mistakes in Observational Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 139(3), pages 1665-1711.
    11. Keys, Benjamin J. & Wang, Jialan, 2019. "Minimum payments and debt paydown in consumer credit cards," Journal of Financial Economics, Elsevier, vol. 131(3), pages 528-548.
    12. Dana, Jason & Dawes, Robyn & Peterson, Nathanial, 2013. "Belief in the unstructured interview: The persistence of an illusion," Judgment and Decision Making, Cambridge University Press, vol. 8(5), pages 512-520, September.
    13. Sunstein,Cass R., 2020. "Behavioral Science and Public Policy," Cambridge Books, Cambridge University Press, number 9781108972789, January.
    14. B. Douglas Bernheim & Antonio Rangel, 2007. "Toward Choice-Theoretic Foundations for Behavioral Welfare Economics," American Economic Review, American Economic Association, vol. 97(2), pages 464-470, May.
    15. Börsch-Supan, Axel & Bucher-Koenen, Tabea & Hurd, Michael D. & Rohwedder, Susann, 2023. "Saving regret and procrastination," Journal of Economic Psychology, Elsevier, vol. 94(C).
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