Behavioral and Experimental Economics Can Inform Public Policy: Some Thoughts

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Abstract

Experimental and behavioral economics are well established branches in the economic science. This essay presents and discusses some results and behavioral regularities
from these fields which are of potential importance for public policy. After a brief introduction of what experimental and behavioral economics is, some behavioral regularities as presentation and framing effects, pro-social behavior, and
reciprocity are introduced and it is reported how they interact with prominent trading institutions, taxation, and social and individual well-being. Throughout some
implications for public policy are discussed.
Original languageEnglish
Place of PublicationMaastricht
PublisherMETEOR, Maastricht University School of Business and Economics
Number of pages33
DOIs
Publication statusPublished - 1 Jan 2010

Publication series

SeriesMETEOR Research Memorandum
Number002

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