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Chater, Nick Archives - Ideas for Leaders

Behavioural Economics: A Power that Goes Beyond Nudges

In pure economic theory, policy making involves applying economic levers — taxes, regulations and economic incentives — to problems that have economic roots. These problems can take the form of: Externalities — when people are impacted through no fault of their own (e.g. second-hand smoke)  Misaligned incentives — when people are impacted because the interests […]

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