Over the last few months, most Latin American and Caribbean countries have been able to flatten the curve of infections thanks to severe restrictions on mobility. The Human Mobility Map for Latin America and the Caribbean shows that the restrictions have worked and citizens are limiting their movements. Argentina saw a decline of almost 54% in the number of people who travel … [Read more...] about How Can Behavioral Economics Improve Our Decision-Making during the Pandemic?
Institutional Capacity and Trust: The Ingredients for Fewer Restrictions during the Pandemic
In responding to the Covid-19 pandemic, not all countries have implemented equally strict policies. While Spain and most countries in Latin America and the Caribbean have chosen to mandate lockdowns by law, including using security forces for monitoring, control, and coercion, in other countries—such as Sweden—decisions regarding confinement and social distancing have been left … [Read more...] about Institutional Capacity and Trust: The Ingredients for Fewer Restrictions during the Pandemic
In the Fight Against the Coronavirus, Behavioral Economics is a Potent Weapon
With thousands of deaths worldwide, the coronavirus has spread panic in nearly all countries and territories where it has hit. People fear not only infection and death, but upheavals to their daily lives, rituals, and traditions. Everything from earning an income to having a normal family life or even putting food on the table has been put into doubt. And doubt tends to build … [Read more...] about In the Fight Against the Coronavirus, Behavioral Economics is a Potent Weapon
When Inequality is Baked into the System
Hundreds of thousands of protesters have poured into the streets in recent weeks from Chile and Colombia to Lebanon and Iraq. Transport hubs have been destroyed, stores looted, and government institutions attacked. Dozens have been killed. The immediate causes of the protests have been diverse, ranging from price hikes to rumored changes in laws affecting rights and … [Read more...] about When Inequality is Baked into the System
When Too Much Choice Distorts Electoral Results
As if we couldn't think for ourselves when it comes to pouring hot liquids down our throats, the warnings about hot tea and coffee are ubiquitous. “Caution Handle with Care I’m Hot,” says one cup. "Caution Contents Hot," says another, with variations on the theme repeated in thousands of restaurants and cafes around the world. Businesses, it seems, don't trust us to be careful … [Read more...] about When Too Much Choice Distorts Electoral Results