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Human Agency and Behavioral Economics

Nudging Fast and Slow. Palgrave Advances in Behavioral Economics

By (author) Cass R. Sunstein
Format: Hardback
Publisher: Springer International Publishing AG, Cham, Switzerland
Published: 12th May 2017
Dimensions: w 150mm h 217mm d 14mm
Weight: 310g
ISBN-10: 3319558064
ISBN-13: 9783319558066
Barcode No: 9783319558066
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Synopsis
This Palgrave Pivot offers comprehensive evidence about what people actually think of "nudge" policies designed to steer decision makers' choices in positive directions. The data reveal that people in diverse nations generally favor nudges by strong majorities, with a preference for educative efforts - such as calorie labels - that equip individuals to make the best decisions for their own lives. On the other hand, there are significant arguments for noneducational nudges - such as automatic enrollment in savings plans - as they allow people to devote their scarce time and attention to their most pressing concerns. The decision to use either educative or noneducative nudges raises fundamental questions about human freedom in both theory and practice. Sunstein's findings and analysis offer lessons for those involved in law and policy who are choosing which method to support as the most effective way to encourage lifestyle changes.

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Selected by Choice magazine as an Outstanding Academic Title for 2017

"This is a must-have volume for a collection in behavioral economics. ... Summing Up: Essential. Upper-division undergraduates through professionals." (M. H. Lesser, Choice, Vol. 55 (4), December, 2017)