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Dalton, Patricio S. (Patricio Santiago) and Ghosal, Sayantan (2010) Behavioural decisions & policy. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2010 (Number 37).
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Text (Working paper)
WRAP_37.2010_ghosal.pdf - Published Version Download (384Kb) | Preview |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
We study the public policy implications of a model in which agents do not fully internalize all the conscequences of their actions. Such a model uni…es seemingly disconected models with behavioral agents. We evaluate the scope of
paternalistic and libertarian-parternalistic policies in the light of our model, and propose an alternative type of approach, called soft-libertarian, which guides
the decision makers in the internalization of all the conscequences of their actions.
Psychotherapy is one example of a soft-libertarian policy. Moreover, we show that in our behavioral framework, policies that increase the set of opportunities
or provide more information to the agent may not longer be individual welfare improving.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Alternative Title: | Behavioural decisions and policy | ||||
Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Economics -- Mathematical models , Economics -- Psychological aspects, Welfare economics | ||||
Series Name: | CAGE Online Working Paper Series | ||||
Publisher: | Department of Economics, University of Warwick | ||||
Place of Publication: | Coventry, UK | ||||
Official Date: | 1 November 2010 | ||||
Dates: |
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Volume: | Volume 2010 | ||||
Number: | Number 37 | ||||
Number of Pages: | 28 | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Date of first compliant deposit: | 1 August 2016 | ||||
Date of first compliant Open Access: | 1 August 2016 |
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