White, Mark D., 1971-
The manipulation of choice : ethics and libertarian paternalism / Mark D. White. - New York, NY : Palgrave Macmillan, c2013. - xv, 185 p. ; 21 cm.
Includes index.
The problem with traditional economic models of choice -- How behavioral economics makes the same mistakes -- How behavioral economics met law and economics and begat nudge -- Why nudges can't do what they promise -- Why nudges are unethical -- All nudges are not created equal -- Why choice matters so much : and what can be done to preserve it.
The Manipulation of Choice explains the informational, ethical, and practical problems faced by libertarian paternalism and 'nudges,' by which the government subtly influences people's choices for their own good. 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.
9781137287762 (alk. paper) 9781137287755 (alk. paper)
2012029970
Economics--Psychological aspects.
Decision making.
Social choice.
Welfare economics.
330.01/9
The manipulation of choice : ethics and libertarian paternalism / Mark D. White. - New York, NY : Palgrave Macmillan, c2013. - xv, 185 p. ; 21 cm.
Includes index.
The problem with traditional economic models of choice -- How behavioral economics makes the same mistakes -- How behavioral economics met law and economics and begat nudge -- Why nudges can't do what they promise -- Why nudges are unethical -- All nudges are not created equal -- Why choice matters so much : and what can be done to preserve it.
The Manipulation of Choice explains the informational, ethical, and practical problems faced by libertarian paternalism and 'nudges,' by which the government subtly influences people's choices for their own good. 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.
9781137287762 (alk. paper) 9781137287755 (alk. paper)
2012029970
Economics--Psychological aspects.
Decision making.
Social choice.
Welfare economics.
330.01/9