Psychological Science· 2017Q1
Should Governments Invest More in Nudging?
- 798citations
- Q1SCImago
- 2017year
Short summary
Nudge interventions, which alter decisions without coercion or major financial incentives, often compare favorably in cost-effectiveness to traditional policy tools like tax incentives.
AI-generated from the title and abstract; the full text is not read.
Key points
- Governments are adopting behavioral science 'nudges' to achieve policy objectives.
- Nudges change decisions without coercion or significant economic incentives.
- Nudge interventions often show favorable impact-to-cost ratios compared to traditional tools like tax incentives.
- More calculations are needed to determine the relative effectiveness of nudging.
AI-generated from the title and abstract; the full text is not read.
Abstract
Governments are increasingly adopting behavioral science techniques for changing individual behavior in pursuit of policy objectives. The types of "nudge" interventions that governments are now adopting alter people's decisions without coercion or significant changes to economic incentives. We calculated ratios of impact to cost for nudge interventions and for traditional policy tools, such as tax incentives and other financial inducements, and we found that nudge interventions often compare favorably with traditional interventions. We conclude that nudging is a valuable approach that should be used more often in conjunction with traditional policies, but more calculations are needed to determine the relative effectiveness of nudging.
The authors' abstract, as published at the source. Psychological Science, 2017 · DOI ↗
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Field: Applied Psychology
Applied PsychologyPsychology