by DJ Neri for Misbehaving
This post originally appeared on the Misbehaving Blog, powered by ideas42 and the Center for Decision Research at the University of Chicago. Welcome back to Nudgespotting! Today we’ll take a look at several attempts to make you a better driver and discover how creating a “simple” nudge can be a not-so-simple task. Recently, on a […]
by Katy Davis & Nicki Cohen
Why we’re wrong about lower income consumers, a three-part series Products and services that help low- and moderate-income (LMI) consumers manage their day-to-day finances and improve their long-term financial health are a clear need that hasn’t yet been solved by mainstream or alternative financial providers. Why haven’t the needs of LMI consumers been met […]
ideas42’s network of academic affiliates represent some of the world’s foremost experts in behavioral science. With the ideas42 Affiliate Series, we invite them to share their insights and what inspires their exploration into human behavior. Our New York office recently had the pleasure of hosting Paul Zak– our newest Affiliate and founding Director of the Center […]
by Prof. Syon Bhanot & Antonia Violante for Misbehaving
This post originally appeared on the Misbehaving Blog, powered by ideas42 and the Center for Decision Research at the University of Chicago. Two economists are walking down the street. One sees a $20 bill lying on the sidewalk and says, “Look at that $20 bill!” The second economist responds, “Nah, that’s not a $20 […]
by David Munguía Gómez & Jaclyn Lefkowitz
It’s now 2 weeks into the new year, and chances are most of us have spent the first several days of 2016 diligently working to keep our New Year’s resolutions. Once again, we’ve dragged ourselves to the over-crowded gym after work, we’ve braved the long lines at grocery stores to fill our carts with healthy […]
ideas42’s network of academic affiliates represent some of the world’s foremost experts in behavioral science. With the ideas42 Affiliate Series, we invite them to share their insights and what inspires their exploration into human behavior. We recently invited Mike Norton of Harvard Business School to visit our New York office. He gave our team a fascinating talk […]
This post is part of a series about Poverty Interrupted, ideas42’s groundbreaking effort to bring a behavioral science approach to the problem of intergenerational poverty. Imagine that your car is having some trouble and it will cost $150 in service to take care of the problem. Unfortunately, your insurance will only cover 10% of this […]
It’s been an historic week for the world of behavioral science: President Obama has issued an Executive Order encouraging federal agencies to apply behavioral insights in their programs, policies, and operations for the first time ever. Paving the way for this landmark declaration is the successful track record of the White House Social and Behavioral […]
We probably don’t need to tell you, savvy reader, that behavioral science is fascinating. The insights on human behavior that have come from the last few decades of research are not only profound and compelling, but can also delight. Take loss aversion. First demonstrated by Daniel Kahneman and Amos Tversky, this principle says we dislike […]
For the 45.3 million Americans who struggle to cover basic expenses, living in poverty is costly in terms of time, money, and cognition. Recent research by two of ideas42’s cofounders gives a name to the cognitive costs of poverty: a bandwidth tax, levied by the experience of scarcity. They find that lacking a key resource, […]
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