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On the Equilibrium E ff ects of Nudging ∗
| Content Provider | Semantic Scholar |
|---|---|
| Author | Spiegler, Ran |
| Copyright Year | 2015 |
| Abstract | Consumers’ systematic decision biases make them vulnerable to market exploitation. The doctrine of "libertarian paternalism" maintains that this problem can be mitigated by "soft" interventions (nudges) like disclosure or "default architecture". However, the case for nudging is often made without an explicit model of the boundedly rational choice procedures that lie behind consumer biases. I demonstrate that once such models are incorporated into the analysis, equilibrium market reaction to nudges can reverse their theoretical consequences. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.tau.ac.il/~rani/nudge.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
