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Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy by Mario J. Rizzo, Glen Whitman

• Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy
• Mario J. Rizzo, Glen Whitman
• Page: 483
• Format: pdf, ePub, mobi, fb2
• ISBN: 9781108760003
• Publisher: Cambridge University Press

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Free bookworm download for pc Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy

The burgeoning field of behavioral economics has produced a new set of justifications for paternalism. This book challenges behavioral paternalism on multiple levels, from the abstract and conceptual to the pragmatic and applied. Behavioral paternalism relies on a needlessly restrictive definition of rational behavior. It neglects nonstandard preferences, experimentation, and self-discovery. It relies on behavioral research that is often incomplete and unreliable. It demands a level of knowledge from policymakers that they cannot reasonably obtain. It assumes a political process largely immune to the effects of ignorance, irrationality, and the influence of special interests and moralists. Overall, behavioral paternalism underestimates the capacity of people to solve their own problems, while overestimating the ability of experts and policymakers to design beneficial interventions. The authors argue instead for a more inclusive theory of rationality in economic policymaking.

Escaping Paternalism: Rationality, Behavioral Economics, and
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Rationality, Behavioral Economics, and Public Policy · Print publication year: 2019 · Online publication date: December 2019  Escaping Paternalism Book Club: Part 2 - Econlib
They aren't saying that behavioral economics is worthless, just oversold. many paternalist interventions, such as new labor-friendly default rules that offer The rationality of Bayes' theorem begins after the agent has chosen his priors. are instigated through government policy and backed by coercion. Rizzo, Mario J
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Escaping paternalism : rationality, behavioral economics, and public policy, Mario instead for a more inclusive theory of rationality in economic policymaking.--. Reciprocity and the Art of Behavioural Public Policy, Adam
Escaping Paternalism: Rationality, Behavioural Economics and Public Policy, Mario J. Rizzo and Glen Whitman. Cambridge University Press 

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