Mental Money: The Psychology of Subscription Payment Options
What goes through your head when choosing between different payment options?
Now Available: The Behavioral Economics Guide 2017
Our fourth annual BE Guide is out!
What Do We Know about Trust?
Every year, millions of people invest money in projects they may not fully understand and, by choosing to do so, they reveal one of the most important values that holds our society and our economy together: trust. What do we know about trust? Read this post to find out.
Information Avoidance in the Information Age
Ignorance is bliss: How much would you pay to avoid threatening information?
Behavioral Science and Corporate Decision-Making: Potential for Improvement?
Applications of behavioural knowledge could play a crucial role in improving corporate decision-making
Big Data Is Nudging You
Slow to hit the purchase button? Here’s how you may be nudged to buy.
Developing SIMPLER Solutions
The BIAS project completed 15 randomized controlled trials of behavioral interventions in child care, child support, and work support programs. This article summarizes the “SIMPLER” framework of behavioral concepts and shares examples of how these concepts were used in BIAS interventions.
A Nudge for Coverage: Last-Mile Problems for Health Insurance
A variety of case studies demonstrate the powerful combination of data science and behavioral science. Perhaps the health insurance market can benefit as well.
Introducing the Concepts of Energy, Force and Power to Economics
By Michael Ryan Economists have historically been enamored with Market Theory and Equilibrium. The notion that “The Market” tends towards a stable state has been more panacea than an effective tool for explaining many facets of our economy. The classical focus on markets and some invisible hand ignores human behavior, profits, debt and financial health [...]
World Bank’s Global INsights Initiative Is Underway
By Julian Jamison One of the World Bank’s flagship publications is the World Development Report, which highlights a different policy-relevant topic every year – often paving the way for novel work on that topic. The latest (2015) report, entitled “Mind, Society, and Behavior” and co-directed by Karla Hoff and Varun Gauri, focused on using [...]