Nudging – Theory and Applications

4th Law and Economics Conference in Lucerne

Datum: 17. April 2015 bis 18. April 2015
Zeit: 08.45 Uhr bis 12.15 Uhr
Ort: ROOM 4.B55

In «Nudge – Improving Decisions About Health, Wealth, and Happiness» (2008) Cass R. Sunstein and Richard Thaler propose to correct cognitive biases via libertarian paternalism (paternalism without coercion). By means of defaults, for example, people can be «nudged» in the desired direction. A textbook example for a default is the objection clause in organ donation according to which every human being is considered to be a donor after death unless explicitly opting out during their lifetime. Yet who decides which behavior is desired? Does the state have sufficient information for de-biasing? Are there clear-cut boundaries between paternalism, manipulation and indoctrination? To what extent should the state protect human beings from themselves? Will an increase in guidance lead to a decrease in self-reliance? What are the benefits of wrong decisions? What is the role of the legislator?  

 

 

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