Nudge theory is a poor substitute for hard science in matters of life or death | Sonia Sodha
Behavioural economics is being abused by politicians as a justification for flawed policies over the coronavirus outbreak
I first came across "nudge" - the concept many consider to be the pinnacle of behavioural economics - at a thinktank seminar a little over 10 years ago. We were all handed a mock wine menu and asked what we'd order.
This was supposed to illustrate that most price-aware diners order the second-cheapest bottle to avoid looking tight and that restaurateurs use this to nudge us towards the bottle with the highest markup. I remember thinking it an interesting insight, but that these sorts of nudges were nowhere near as likely to transform the world as their enthusiastic proponent claimed.
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