Behavioural insights for effective regulation(3): Evidence and experiments

Now that we have a better understanding of human behaviour and have looked at some examples of regulatory interventions using insights from the behavioural sciences, it is time to ask the hard question: does it work? Answering the ‘does it work’ question is all but easy because of the variety of responses to that question … Continue reading Behavioural insights for effective regulation(3): Evidence and experiments

Behavioural insights for effective regulation(2): Examples from around the world

In the previous blog post, I have discussed (in broad brushstrokes) how our understanding of the rationality and irrationality of human behaviour has changed over time. In this one, I will introduce a variety of regulatory interventions from around the world that build on this changing understanding of predictable (ir)rational behaviour. Towards behavioural insights informed … Continue reading Behavioural insights for effective regulation(2): Examples from around the world

Behavioural insights for effective regulation(1): The evolution of (ir)rational behaviour

The focus of the first year of the Chair in Regulatory Practice is on the use of insights from the behavioural sciences in regulation. Such regulation is often referred to as ‘Nudging’, following a famous book from 2008 by Professors Richard Thaler and Cass Sunstein. In their book, Nudge: Improving Decisions about Health, Wealth, and … Continue reading Behavioural insights for effective regulation(1): The evolution of (ir)rational behaviour