Explaining individual choices-effectiveness of public policy

Assignment Help Business Economics

Reference no: EM13982166

Determine the application of behavioral economics in explaining individual choices and the effectiveness of public policy. In “Should Policies Nudge People to Make Certain Choices? "Economists Richard Thaler (University of Chicago) and Mario Rizzo (New York University) debate the wisdom of using nudge policies. BBC News published “Why a Nudge is Not Enough To Change Behavior" arguing that nudges are insufficient to address policy goals with respect to healthcare. After reading and evaluating both sides of the discussion, which side do you find most convincing? Which arguments do you think are most effective? Does the BBC article suggest other reasons to use nudges?

Reference no: EM13982166

Questions Cloud

What effect will climate have on the length of the day : As the earths climate continues to warm Ice near the piles will melt and be added to the oceans. What effect will this have on the length of the day?

R and d computer corporation sells its product : The sales forecast for the coming year is 140,000 units; Compute the company's DOL, DFL, and DTL. Explain your results?

Consider the information for a simultaneous move game : Consider the following information for a simultaneous move game: If you advertise and your rival advertises, you each will earn $5 million in profits. If neither of you advertises, you will each earn $10 million in profits. If you and your rival plan..

Demand shows the : Demand shows the

Explaining individual choices-effectiveness of public policy : Determine the application of behavioral economics in explaining individual choices and the effectiveness of public policy. In “Should Policies Nudge People to Make Certain Choices? After reading and evaluating both sides of the discussion, which side..

Prepare a flowchart of the back-stage : Choose a real-life service organisation that you are familiar with. Prepare a flowchart of the back-stage as well as the front-stage operations of this business.

Multiple marketing channels : Select multiple marketing channels and discuss how the channels will work together to promote the product/Marlboro cigarettes. If Malrboro Company already uses multiple marketing channels, suggest a possible strategy to improve sales using a differen..

How and why the resource supports teaching social studies : Description of how and why the resource supports teaching social studies content and What contextual factors would support selection of the type, genre, and content of the resource selected

When the mnc develops an economic exposure strategy : When the MNC develops an economic exposure strategy, the ___ the price elasticity of demand, the ___ the incentive to hold down price and thereby expand sales.a) Lower, greaterb) Greater, lowerc) Greater, greaterd) Lower, lower

User Account

All Pages