Alexandra De Filippo is a principal advisor at the North American division of The Behavioral Insights Team (BIT), an organization widely known as the "Nudge Unit." Since its inception, BIT has used behavioral science in wide-ranging efforts that include, among many others, increasing tax collection and electoral participation rates, boosting organ donation and reducing medical … [Read more...] about Leveraging Behavioral Science for Savings and Health
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Cass Sunstein on Misconceptions, Biases and How Latin America Can Harness Behavioral Economics
Cass Sunstein is a Harvard law professor, a former administrator of the White House Office of Information and Regulatory Affairs, and one of the most prolific and admired legal scholars in the United States. He is also a leading light in the field of behavioral economics whose 2008 pioneering book Nudge, co-written with Nobel Prize laureate Richard Thaler, describes the many … [Read more...] about Cass Sunstein on Misconceptions, Biases and How Latin America Can Harness Behavioral Economics
Nudging: A Path to Greater Childhood Vaccination
How can vaccinations be guaranteed in poor rural areas? Guatemala faced the problem recently when it confronted the declining rates of rural immunization after children's first year of life, a phenomenon that potentially threatened childhood health and survival. Declining rates of childhood vaccination These biases were taking their toll. Mothers made a big effort during … [Read more...] about Nudging: A Path to Greater Childhood Vaccination
How Nobel Ideas Inspired the IDB
Richard Thaler, the University of Chicago professor who fused psychological insights and economics to reveal how biases affect decision-making, was awarded Oct. 8 the 2017 Nobel Prize in economics. The award, which recognizes Thaler's work in overturning assumptions about economic behavior as rational and demonstrating how people could be "nudged" to make better choices, … [Read more...] about How Nobel Ideas Inspired the IDB
Rethinking Taxation to Protect Savings
Taxation and savings are inextricably linked. While taxation puts more money in the government’s hands, it also decreases private savings by leaving people and firms with less income to save, invest, and grow the economy. Despite this clear relationship, the negative impact of taxation on private savings is often the blind spot when policymakers tackle tax reform in Latin … [Read more...] about Rethinking Taxation to Protect Savings