Behavioral economics and public policy
Nudging New Mexico Kindling compliance among unemployment claimants
Deterring small-scale fraud, such as by those who file exaggerated weekly unemployment reports, often requires more resources than the effort is worth. Watch how applying concepts from behavioral economics can induce more desired behavior.
A billion to one: The crowd gets personal Deloitte Review Issue 16
The creation of products and services derived from crowd-based insights is the foundation of the “billion-to-one” experience. Taking your characteristics and behavior and contextualizing them with data from many thousands of other individuals allows designers to deliver products and services that are, or at least feel, unique.Read
Nudging New Mexico: Kindling compliance among unemployment claimants Deloitte Review Issue 18
Deterring small-scale fraud, such as by those who file exaggerated weekly unemployment reports, often requires more resources than the effort is worth. But by applying concepts from behavioral economics—from making a process less confusing to communicating that accurate filing is the social norm—administrators can induce more honest behavior.Read