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Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy. Mario J. Rizzo, Glen Whitman

Escaping-Paternalism.pdf
ISBN: 9781108760003 | 483 pages | 13 Mb

• Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy
• Mario J. Rizzo, Glen Whitman
• Page: 483
• Format: pdf, ePub, fb2, mobi
• ISBN: 9781108760003
• Publisher: Cambridge University Press

Download Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy

Pdf ebooks downloads search Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy by Mario J. Rizzo, Glen Whitman 9781108760003 iBook PDF

The burgeoning field of behavioral economics has produced a new set of justifications for paternalism. This book challenges behavioral paternalism on multiple levels, from the abstract and conceptual to the pragmatic and applied. Behavioral paternalism relies on a needlessly restrictive definition of rational behavior. It neglects nonstandard preferences, experimentation, and self-discovery. It relies on behavioral research that is often incomplete and unreliable. It demands a level of knowledge from policymakers that they cannot reasonably obtain. It assumes a political process largely immune to the effects of ignorance, irrationality, and the influence of special interests and moralists. Overall, behavioral paternalism underestimates the capacity of people to solve their own problems, while overestimating the ability of experts and policymakers to design beneficial interventions. The authors argue instead for a more inclusive theory of rationality in economic policymaking.

Cambridge Studies in Economics, Choice, and Society Ser
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Behavioral economists, like most economists, still accept To the extent that these phenomena cause people to make errors, paternalist policies can in principle The most abstract: Behavioral economists take simple models of rational Last, the book explores public choice and slippery-slope problems 

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