The variety of posts of this blog is the proof that the potential applications of Behavioural Economics are plenty. The present article reviews a paper in which the author, Pickett (2018), illustrates some examples of its use for crime deterrence. The decision of committing a crime has been analysed in economic terms with a simple model where potential offenders evaluate the […]
Feminism is a set of social movements that aim to define and establish the political, economic, personal, and social equality of all genders. We live in a world where being female or being male can lead you to have a completely different life, because of different resources available and power relationships. Even if it is […]
You know that feeling when your dishwasher breaks but you chose to not pay 50 euros more for a 5 year guarantee because you did not expect it would break in the first place? Not the best I will admit, but the protagonist of this story is not the dishwasher nor how stingy we are, […]
Prospect Theory highlights the fundamental role of the Endowment Effect in trading goods: the value people give to certain goods is highly influenced by their initial endowment (reference point).
Games are for kids! …. Are they? Games are often undervalued: seen as childish, a waste of time, a way to run away from responsibilities, sometimes. But what if I told you games are powerful tools to improve motivation, learning, engagement, financial choices and even one’s own health? Let me introduce you to gamification, the application of gaming elements, designs and principles in non-game contexts. The applications […]
Italy for Nudges by promoting incentives for non-cash payments This article aims to explain the underlying aspects of the “National Cashback”, a new program planned by the Italian Government. This article presents the ongoing program “Italia Cashless“, a name that has been present in the news over the last few weeks, analyzed under nudge theory, […]
What’s the story you tell yourself when you put on your #OOTD? The earliest records of human history show us homo sapiens fashionably adorned in some accessories or stylised clothing made from the materials around us. This is an anthropological phenomenon that spans cultures around the world. The relationship that we have with clothing has […]
Evidence from the fields of behavioral economics and neuroeconomics shows that many cognitive biases influence people’s minds when they have to make choices. These unconscious but universally spread processes shape our brains and make us “Predictably Irrational” (as behavioral scientist Dan Ariely wrote). For this reason, “nudging” can act on our decision-making system and be positively […]
Nudging is the careful construction of decision-making environments aimed at helping decision makers making wiser choices, possibly at their advantage. The first applications of nudges regarded mainly public policies and programs aimed at a general public, with no particular distinctions between potential users. Tax compliance, energy saving and even increasing men’s aim in public toilets […]
The idea for this article was born scrolling through my Facebook home page during the last months. Without doing it on purpose, my attention was captured every time by the posts of one of my Facebook contacts, who will be called Mr. X for privacy reasons. Mr. X is an avid Facebook user, publisher of […]
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