Behavioural Economics and Policy Design:Examples from by S'Pore Economics Society of S'Pore,Donald Low

By S'Pore Economics Society of S'Pore,Donald Low

Analysts of presidency have usually famous how Singapore's regulations are grounded in rigorous economics considering. rules are designed to be economically effective no matter if they don't seem to be continually renowned. This pioneering publication takes a distinct procedure. It goals to illustrate how profitable regulations in Singapore have built-in traditional financial rules with insights from the rising box of behavioural economics even ahead of the latter grew to become well known. utilizing examples from a variety of coverage domain names, it indicates how reliable coverage layout usually calls for a synthesis of insights from economics and psychology. regulations will not be merely be suitable with monetary incentives, yet must also be delicate to the cognitive skills, boundaries and biases of electorate. Written by means of coverage practitioners within the Singapore executive, this booklet is a crucial advent to how behavioural economics and the findings from cognitive psychology will be intelligently utilized to the layout of public rules. As one of many few books written at the topic, it provides to stimulate wider curiosity within the topic between researchers, policymakers and a person drawn to the layout of potent public policies.

Contents:

  • Cognition, selection and coverage layout (Donald LOW)
  • Key principles in Behavioural Economics — and What They suggest for coverage layout (KOH Tsin Yen)
  • Incentives, Norms and Public coverage (Charmaine TAN and Donald LOW)
  • A Behavioural point of view to handling traffic jam in Singapore (LEONG Wai Yan and LEW Yii Der)
  • Can Psychology retailer the Planet and enhance the environment (Philip ONG)
  • Promoting festival in electrical energy Retail: Insights from Behavioural Economics (Eugene TOH and Vivienne LOW)
  • Discretionary Transfers: delivering financial aid in a Behaviourally suitable means (Pamela QIU and TAN Li San)
  • Using Behavioural Insights to enhance person future health judgements (Lavinia LOW and YEE Yiling)
  • A Behavioural View on Designing Singapore's nationwide Annuity Scheme (Donald LOW)
  • Behavioural Economics, coverage research, and the layout of Regulatory Reform (Jack KNETSCH)

Readership: Policymakers, researchers and normal readers with curiosity in policymaking in Singapore — on the subject of behavioural financial theories.

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