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Policy and Choice: Public Finance Through the Lens of Behavioral Economics

3.36  ·  Rating Details ·  14 Ratings  ·  2 Reviews
Traditional public finance provides a powerful framework for policy analysis, but it relies on a model of human behavior that the new science of behavioral economics increasingly calls into question. In "Policy and Choice" economists William Congdon, Jeffrey Kling, and Sendhil Mullainathan argue that public finance not only can incorporate many lessons of behavioral ...more
ebook, 260 pages
Published April 1st 2011 by Brookings Institution Press (first published December 16th 2010)
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Riku Sayuj
Sep 04, 2013 Riku Sayuj rated it it was ok
Shelves: economics, r-r-rs
The authors try to give a comprehensive framework on which to understand how the growing fields of psychology and behavioral economics can be integrated into economic decision making and policy choices. Unfortunately, the presentation is very dry and highly repetitive. A better choice for a primer would be Nudge by Thaler and then it would be advisable to skip directly to advanced texts.
Mohit
Apr 29, 2012 Mohit rated it liked it
First three chapters provide good overview of behavioral economics, public finance, and how the two fields are related. Book is an essential tool for the modern policy-maker. Unfortunately, the prose is dense and overly repetitive.
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