Freedom of choice and bounded rationality
A Brief Appraisal of Behavioral Economists' Plea for Light Paternalism
Bibliographic Data
| ID | 4369161 |
|---|---|
| Authors | Roberta Muramatsu (0000-0002-5286-6952, Universidade Presbiteriana Mackenzie), Patrícia Fonseca (0000-0002-1500-8465, Institute of Applied Economic Research) |
| Year | 2012 |
| Volume | 32 |
| Issue | 3 |
| Pages | 445-458 |
| Publication date | 2012-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Brazilian Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0101-3157 • E-ISSN: 1809-4538 |
| Publisher | FapUNIFESP (SciELO) (PUBLISHER) |
| DOI | 10.1590/s0101-31572012000300006 |
| OpenAlex | W1987966461 |
| SciELO | S0101-31572012000300006 |
| Language | EN |
| Citations received | 1 |
| References cited | 33 |
Behavioral economics has addressed interesting positive and normative questions underlying the standard rational choice theory. More recently, it suggests that, in a real world of boundedly rational agents, economists could help people to improve the quality of their choices without any harm to autonomy and freedom of choice. This paper aims to scrutinize available arguments for and against current proposals of light paternalistic interventions mainly in the domain of intertemporal choice. It argues that incorporating the notion of bounded rationality in economic analysis and empirical findings of cognitive biases and self-control problems cannot make an indisputable case for paternalism
Autonomy · Behavioral economics · Behavioural economics · Bounded rationality · Ecological rationality · Economics · Harm · Microeconomics · Normative · Paternalism · Plea · Political science · Positive economics · Public economics · Rational choice theory (criminology · Rationality · Decision-Making and Behavioral Economics · Economic theories and models · Financial Literacy, Pension, Retirement Analysis · Law · Psychology · Social Psychology
The Use of Knowledge in Society
Invariants of Human Behavior
Myopic Loss Aversion and the Equity Premium Puzzle
Freedom of choice
The Power of Suggestion
Regulation for Conservatives
Commodities and capabilities
Paternalism
The Theory and Practice of Autonomy
Libertarian Paternalism
Development as Freedom
Nudge
Free to Choose
Personal Saving, Consumption, and Tax Policy
Rational Choice, Behavioral Economics, and the Law
Rationality and Freedom
Save More TomorrowTM
A Behavioral Approach to Law and Economics
How Retirement Saving Programs Increase Saving
Women, microfinance, and savings
Developments in the Measurement of Subjective Well-Being
The Flow Approach to Labor Markets
| Citations per year | 0.11 |
|---|---|
| Citation span | 2017 - 2017 (1) |
| Highly cited | No |