As the Covid-19 pandemic takes its toll in lives lost and economic hardship, governments in Latin America and the Caribbean have rushed to increase fiscal spending, even as revenues drop. But only some countries will be able to access markets and borrow without sacrificing sustainability in the aftermath of the pandemic. Most will have to identify efficiencies in both revenue … [Read more...] about Leveraging Behavioral Insights in the Aftermath of COVID-19
The pandemic caused by the novel coronavirus (SARS-CoV-2) continues to severely impact countries around the world. More than 4.5 million people have been confirmed infected, and the death count is now in the hundreds of thousands, although stringent restrictions on mobility have prevented a greater public health disaster. However, economic stagnation and fatigue among the … [Read more...] about A Conversation with Cass Sunstein on Behavioral Science and Using Nudges: Recommendations for Overcoming Covid-19
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?
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
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