Nudging and Boosting: Steering or Empowering Good Decisions
Max Planck Institute for Human Development · KTH Royal Institute of Technology
Abstract
In recent years, policy makers worldwide have begun to acknowledge the potential value of insights from psychology and behavioral economics into how people make decisions. These insights can inform the design of nonregulatory and nonmonetary policy interventions-as well as more traditional fiscal and coercive measures. To date, much of the discussion of behaviorally informed approaches has emphasized "nudges," that is, interventions designed to steer people in a particular direction while preserving their freedom of choice. Yet behavioral science also provides support for a distinct kind of nonfiscal and noncoercive intervention, namely, "boosts." The objective of boosts is to foster people's competence to…
Citation impact
- FWCI
- 27.21
- Percentile
- 100%
- References
- 104
Authors
2Topics & keywords
- Nudge theory
- Choice architecture
- Psychological intervention
- Normative
- Behavioral economics
- Competence (human resources)
- Freedom of choice
- Psychology
- Peace, Justice and strong institutions