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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Informational requirements of nudging |
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| Institution | University of Zurich |
| Series Name | Working paper series / Department of Economics |
| Number | 190 |
| ISSN | 1664-7041 |
| Number of Pages | 60 |
| Date | 2016 |
| Abstract Text | A nudge is a paternalistic government intervention that attempts to improve choices by changing the framing of a decision problem. We propose a welfare- theoretic foundation for nudging similar in spirit to the classical revealed preference approach, by investigating a model where preferences and mistakes of an agent can be elicited from her choices under different frames. We provide characterizations of the classes of behavioral models for which nudging is possible or impossible, and we derive results on the required quantity of information. We also study an extended application to a savings problem. |
| Official URL | http://www.econ.uzh.ch/static/wp/econwp190.pdf |
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| Keywords | Nudge, framing, behavioral welfare economics, revealed preference, Nudge, Verhaltensökonomie, Modellierung, Präferenz |
| Additional Information | Revised version ; Also published as CESifo Working Paper No. 5327. |