Behavioural Economics and Policy Design

Download or read book Behavioural Economics and Policy Design written by Donald Low and published by World Scientific. This book was released on 2011 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book aims to demonstrate how successful policies in Singapore have integrated conventional economic principles with insights from the emerging field of behavioural economics even before the latter became popular. Using examples from various policy domains, it shows how good policy design often requires a synthesis of insights from economics and psychology. Policies should not only be compatible with economic incentives, but should also be sensitive to the cognitive abilities, limitations and biases of citizens. Written by policy practitioners in the Singapore government, this book is an introduction to how behavioural economics and the findings from cognitive psychology can be intelligently applied to the design of public policies."--Publisher's description.