The Value of Behavioral Policies
· marginalrevolution.com
Behavioral interventions have become central to modern public policy, but their empirical promise remains contested because estimated treatment effects often appear small. We argue that a policy response is economically meaningful only relative to the response generated by alternative policies. We assemble more than 1,200 estimates from over 600 studies comparing “nudges” and traditional price […]
Behavioral interventions have become central to modern public policy, but their empirical promise remains contested because estimated treatment effects often ap...