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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Informational requirements of nudging
Organization Unit
  • Jean-Michel Benkert
  • Nick Netzer
  • English
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.
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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.