The Manipulation of Choice [electronic resource] : Ethics and Libertarian Paternalism /
White, M.author.
This timely book makes a forceful argument that the analyses from behavioral economists are incomplete, the policies advocated by libertarian paternalists are misguided and unethical, and both actually reinforce the cognitive biases and dysfunctions that motivate 'nudges' in the first place. In a lighthearted manner, the author points out critical flaws in the way economists model decision-making, how behavioral economics failed to correct them, and how they led to the problems with libertarian paternalism and nudges. Sprinkled throughout with anecdotes, examples, and references to a wide range of scholarly literature, this new volume argues against the use of paternalistic nudges by the government and makes a positive case for individual choice and autonomy. This book is part of White's triptych on individualism and society, which includes The Illusion of Well-Being and The Decline of the Individual.
Description based upon print version of record.
Cover; Half-title; Title; Copyright; Contents; Acknowledgments; Introduction: We Start with a Donut . . .; Chapter 1 The Problems with Traditional Economic Models of Choice; Chapter 2 How Behavioral Economics Makes the Same Mistakes; Chapter 3 How Behavioral Economics Met Law and Economics and Begat Nudge; Chapter 4 Why Nudges Can't Do What They Promise; Chapter 5 Why Nudges Are Unethical; Chapter 6 All Nudges Are Not Created Equal; Chapter 7 Why Choice Matters So Much-and What Can Be Done to Preserve It; Notes; Further Reading; Index
Includes bibliographical references and index.
This timely book makes a forceful argument that the analyses from behavioral economists are incomplete, the policies advocated by libertarian paternalists are misguided and unethical, and both actually reinforce the cognitive biases and dysfunctions that motivate 'nudges' in the first place. In a lighthearted manner, the author points out critical flaws in the way economists model decision-making, how behavioral economics failed to correct them, and how they led to the problems with libertarian paternalism and nudges. Sprinkled throughout with anecdotes, examples, and references to a wide range of scholarly literature, this new volume argues against the use of paternalistic nudges by the government and makes a positive case for individual choice and autonomy. This book is part of White's triptych on individualism and society, which includes The Illusion of Well-Being and The Decline of the Individual.
Economic policy.
Behavioral economics.
Economic theory.
Welfare economics.
Macroeconomics.
Economic Policy.
Behavioral/Experimental Economics.
Economic Theory/Quantitative Economics/Mathematical Methods.
Social Choice/Welfare Economics/Public Choice/Political Economy.
Macroeconomics/Monetary Economics//Financial Economics.