Behavioral Welfare Economics
Bibliographic Data
| ID | 13037136 |
|---|---|
| Authors | Cass R Sunstein (0000-0003-4194-3008, Harvard University Press, corresponding author) |
| Year | 2020 |
| Volume | 11 |
| Issue | 2 |
| Pages | 196-220 |
| Publication date | 2020-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Benefit-Cost Analysis (JOURNAL) |
| Journal identifiers | ISSN: 2152-2812 • E-ISSN: 2194-5888 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/bca.2020.14 |
| OpenAlex | W3023670655 |
| Language | EN |
| Citations received | 8 |
| References cited | 57 |
A growing body of normative work explores whether and how deference to people’s choices might be reconciled with behavioral findings about human error. This work has strong implications for economic analysis of law, cost–benefit analysis, and regulatory policy. In light of behavioral findings, regulators should adopt a working presumption in favor of respect for people’s self-regarding choices, but only if those choices are adequately informed and sufficiently free from behavioral biases. The working presumption should itself be rebuttable on welfare grounds, with an understanding that the ends that people choose might make their lives go less well. For example, people might die prematurely or suffer from serious illness, and what they receive in return might not (on any plausible account of welfare) be nearly enough. The underlying reason might involve a lack of information or a behavioral bias, identifiable or not, in which case intervention can fit with the working presumption, but the real problem might involve philosophical questions about the proper understanding of welfare, and about what it means for people to have a good life
Behavioral economics · Deference · Economics · Intervention (counseling · Law and economics · Microeconomics · Normative · Political science · Positive economics · Presumption · Public economics · Welfare · Work (physics · Decision-Making and Behavioral Economics · Law · Law, Economics, and Judicial Systems · Legal and Constitutional Studies · Psychology · Social Psychology
Individual autonomy and public deliberation in behavioral public policy
Responsibility utility and the difference between preference and desirance
Identifying Beliefs in Continuous-Action Dynamic Models
The authors of our own lives
Come on, man!’ On errors, choice, and Hayekian behavioral economics
Nudge/sludge symmetry
Finding the ‘nudge’ in hypernudge
Endogenous preferences, environmental economics, and welfare
Economic analysis of law
Sour Grapes
The Quality of Life
What Is This Thing Called Happiness?
Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings
Beyond Revealed Preference
Does Living in California Make People Happy? A Focusing Illusion in Judgments of Life Satisfaction
The Power of Suggestion
Non‐Relative Virtues
Back to Bentham? Explorations of Experienced Utility
The Oxford Handbook of Classics in Contemporary Political Theory
Sour Grapes
Perfectionism
Phishing for Phools
Strangers to Ourselves
The Morality of Freedom
When and why defaults influence decisions
The Good, the Bad, and the Ugly
Rear Visibility and Some Unresolved Problems for Economic Analysis (With Notes on Experience Goods)
Regulating Internalities
Natural Goodness
Choosing for Changing Selves
The Collected Works of F. A. Hayek
Against autonomy
Immune neglect
Women and Human Development
Should We Tax Sugar-Sweetened Beverages? An Overview of Theory and Evidence
| Unique citing works | 8 |
|---|---|
| Citations per year | 1,33 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 8 |