English, Article, Journal or magazine article edition: "How Does Behavioral Economics Change Policies?" (in Japanese) Yasushi Iwamoto

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/54048
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • "How Does Behavioral Economics Change Policies?" (in Japanese)
Author
  • Yasushi Iwamoto
Physical Description
  • preprint
Notes
  • This paper discusses how behavioral mistakes, focused by behavioral economics, alter normative economics that presumes rational individuals. Behavioral mistakes do not necessarily call for paternalistic policies. Insights of behavioral economics have more significant impact on paternalism than on libertarianism, which has already recognized the limit of individual's rationality and admired liberty. Behavioral economics rather provides the theoretical foundations of the limited ability of government. Researchers have proved, only in few areas, the behavior of others as irrational. Policy is motivated not from the irrational behavior of individuals but from its impacts on the economy. The claim that the irrational behavior leads to undesirable outcome for the society is a joint hypothesis of the individual behavior and its effects on the economy. Traditional analytical tools in economics remain to play an important role in examining the latter hypothesis. The above qualifications do not imply the irrelevance of behavioral economics to policy making. The application of behavioral economics with noticing these qualifications may help to improve policies. The idea of "soft paternalism" elaborated by behavioral economics can refine the conventional idea about paternalism in economics.
  • RePEc:tky:jseres:2009cj211
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment