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Conclusion: Behavioral Economics and Policy Interventions

In: Nudge Theory in Action

Author

Listed:
  • Richard Williams

    (Mercatus Center at George Mason University)

Abstract

The purpose of this book is to demonstrate that there is a strong private sector that helps people’s decision making and that stringent criteria ought to be met before governments attempt to improve on private decision making, whether through structuring information to “nudge” people into making the government-preferred decision or using more stringent measures to achieve the same thing. Where people have difficulty matching their inherent preferences into real life decisions that satisfy those preferences, a private market will almost always arise that can help to match decisions with preferences.

Suggested Citation

  • Richard Williams, 2016. "Conclusion: Behavioral Economics and Policy Interventions," Palgrave Advances in Behavioral Economics, in: Sherzod Abdukadirov (ed.), Nudge Theory in Action, pages 317-329, Palgrave Macmillan.
    • Handle: RePEc:pal:paichp:978-3-319-31319-1_12
    DOI: 10.1007/978-3-319-31319-1_12
    as

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