Abstract

MONROY C, Daniel A. Nudges and Unaware Choices: Statu Quo Bias and Public Policies in Colombia. Desafíos [online]. 2017, vol.29, n.1, pp.211-247. ISSN 0124-4035.  https://doi.org/10.12804/revistas.urosario.edu.co/desafios/a.4725.

Abstract The article presents, first, a synthesis of the cognitive anomaly called "statu quo bias" and shows how this bias could influence individual decision-making and therefore also the effectiveness of public policies in some relevant contexts, among them: (i) people’s bad eating habits; and (ii) the quality of savings for retirement. Second, the article suggests some strategies (nudges) about how the prevalence of "statu quo bias" could be used by policymakers as a tool to design or to improve the effectiveness of public policies in each of those contexts. The article ends with a brief consideration of the ethics and the use of nudges by policymakers.

Keywords : Behavioral economics; statu quo bias; libertarian paternalism; policymaking.

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