Choice Architecture

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Description

"by knowing how people think, we can design choice environments that make it easier for people to choose what is best for themselves, their families, and their society. Thaler and Sunstein demonstrate how thoughtful choice architecture can be established to nudge us in beneficial directions without restricting freedom of choice." (http://www.nudges.org/)


Background

"In the past three decades, psychologists and behavioural economists have learnt that people’s choices can be dramatically affected by subtle features of social situations. For example, inertia turns out to be a powerful force. If people’s magazine subscriptions are automatically renewed, they renew a lot more than if they have to send in a renewal form. More­over, people are influenced by how problems are framed. If told that salami is “90 per cent fat-free” they are far more likely to buy salami than if they are told it is “10 per cent fat”. Social norms matter a lot. If people think others are recycling, or paying their taxes, they are far more likely to recycle and to pay their taxes. The important message is that small details can induce large changes in behaviour." (http://www.ft.com/cms/s/0/380082b8-687c-11dd-a4e5-0000779fd18c.html)