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How to Launch a Behavior-Change Revolution - Freakonomics Freakonomics
Behavior Change for Good
Thaler, Kahnemann, Milkman, Duckworth, ...
Freakonomics Podcast by Steven Dubner of the first BHfG conference.

Kahnemann: "find out what's **stopping** her from doing it..."
behavioral  economics  nudge  kahnemann  thaler 
9 weeks ago by thomasn
The wit and wisdom of Eugene Fama - Marginal REVOLUTION
Twenty years ago my criticism of behavioral finance was that it is really just a branch of efficient markets, because all they do is complain about the efficient-markets model. I’m probably the most important behavioral-finance person, because without me and the efficient-markets model, there is no behavioral finance. I still think there is no full-blown testable behavioral asset-pricing model.
EMH  behavioral  fama  thaler  debates  cowen 
august 2016 by HispanicPundit
Anomalies: Utility Maximization and Experienced Utility: ingentaconnect
"In this column, we discuss a version of the utility maximization hypothesis that can be tested—and we find that it is false. We review empirical challenges to utility maximization, which return to the old question of whether preferences optimize the experience of outcomes. Much of this work has focused on a necessary condition for utility-maximizing choices: an ability of economic agents to make accurate, or at least unbiased, forecasts of the hedonic outcomes of potential choices. The research we review shows that this condition is not satisfied: people do not always know what they will like; they often make systematic errors in predicting their future experience of outcomes and, as a result, fail to maximize their experienced utility. We discuss four areas in which errors of hedonic forecasting and choice have been documented: 1) where the emotional or motivational state of the agent is very different at t0 and at t1; 2) where the nature of the decision focuses attention on aspects of the outcome that will not be salient when it is actually experienced; 3) when choices are made on the basis of flawed evaluations of past experiences; and 4) when people forecast their future adjustment to new life circumstances. "
kahneman  thaler  projection-bias 
october 2015 by MarcK
Nudge and Abortion Followup, Bryan Caplan | EconLog | Library of Economics and Liberty
My response to Leigh: I didn't bring up the regret of the childless to show that women regret abortions. The two claims are indeed quite different. I brought up the regret of the childless to rebut the objection that people's ex post assessment of their childbearing outcomes simply reflects status quo bias. There really is an asymmetry: Buyer's remorse is rare, non-buyer's remorse is common. In any case, I can easily streamline my preference premise. Key claim: Women who want abortions often expect having the child to be a disaster, even though women who carry unwanted pregnancies to term very rarely see it that way. This big divergence between ex ante assumption and ex post experience is a golden opportunity for nudging to ultimately make people better off in their own eyes.
thaler  caplan  abortion  sidebar  paternalism 
august 2013 by HispanicPundit
Nudge and Abortion, Bryan Caplan | EconLog | Library of Economics and Liberty
Armed with these facts, an old-fashioned hard paternalist would simply ban most abortions: "You'll thank us later." What about the libertarian paternalist? He'd want to achieve the same result - discouraging abortion - with subtler means. Instead of prohibiting abortion he'd want to nudge pregnant women into carrying their fetuses to term. Some candidate nudges:
thaler  caplan  abortion  sidebar  paternalism 
august 2013 by HispanicPundit

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