Behavioral Economics Policy Impact and Future Directions (2023) / Chapter Skim
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Pages 179-188
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From page 179... ...
We looked for evidence about how the core principles described in Chapter 3 affect decision making in the context of specific real-world applications and how the intervention strategies described in Chapter 4 operate in varied domains, contexts, and populations. The domains we selected cover important public policy areas, but these are by no means the only domains in which behavioral economics interventions have been studied.
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From page 180... ...
Overall, behavioral economics research has produced significant and growing evidence in five of the domains; the domain of criminal justice has not yet been extensively studied. The strength and volume of the evidence -- and the degree to which it has been generalized, replicated, and applied at a broad scale -- varies.
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From page 181... ...
HIV prevention and adherence to treatment: behaviorally informed financial incentives, promotion of testing and treatment services, and provision of information about HIV risk and treatment effectiveness are all promising interventions for increasing HIV prevention and adherence to treatment. Vaccination: three strategies show the most promising behavioral evidence for increasing vaccination rates -- making information about vaccines more salient, offering incentives, and changing defaults.
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From page 182... ...
• Climate change: Across a range of efforts, the evidence demon strates the high value of targeting specific concerns, as well as the cumulative value of multiple small-scale, low-cost interventions. • Social safety net programs: Broad-scale interventions to reduce the administrative burden and better reach the neediest populations who can benefit from social safety net programs can be effective when carefully targeted.
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From page 183... ...
For example, funders may be more willing to support research in the health domain than in other domains, particularly replication and generalizability studies, and there are more journals and other media for studies in this domain. In sum, a striking takeaway from our review of the impact of behavioral economics on policy is that real policy impact will happen only when
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From page 184... ...
Conclusion 11-1: Core principles of behavioral economics have been tested repeatedly across six domains -- health, retirement benefits, social safety net benefits, climate change, education, and (to a lesser extent) criminal justice -- and the evidence for their importance and value in the design of policy interventions is well established.
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From page 185... ...
. Conclusion 11-3: There is clear and strong evidence that specific inter ventions based on behavioral economics principles have been effective at changing targeted behaviors, but matching the tool to the challenge, the circumstances, and the target population is critical to success and requires careful attention.
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From page 187... ...
Part III Looking to the Future
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