Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 22, Problem 25QE
To determine
Explain why there are only few libertarian nudge policies.
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What do you think of the ethics of using unconscious nudges to alter people’s behavior?
Which of the following would NOT be considered a "nudge" to get people to quit smoking?
Question 2 options:
Putting tobacco alternatives (such as nicotine gum) at the check-out counter
Providing no-cost smoking cessation programs.
Adding a $100/moth extra charge on insurance premiums for someone who smokes
Peer pressure is an important influence on the behavior of youngsters. For instance, many preteens begin smoking because their friends pressure them into being “cool” by smoking. Using utility theory, how would you explain peer pressure? How would this compare with the explanations provided by behavioral economics and neuroeconomics?
Chapter 22 Solutions
Microeconomics
Ch. 22.1 - Prob. 1QCh. 22.1 - Prob. 2QCh. 22.1 - Prob. 3QCh. 22.1 - Prob. 4QCh. 22.1 - Prob. 5QCh. 22.1 - Prob. 6QCh. 22.1 - Prob. 7QCh. 22.1 - Prob. 8QCh. 22.1 - Prob. 9QCh. 22.1 - Prob. 10Q
Ch. 22 - Prob. 1QECh. 22 - Prob. 2QECh. 22 - Prob. 3QECh. 22 - Prob. 4QECh. 22 - Prob. 5QECh. 22 - Prob. 6QECh. 22 - Prob. 7QECh. 22 - Prob. 8QECh. 22 - Prob. 9QECh. 22 - Prob. 10QECh. 22 - Prob. 11QECh. 22 - Prob. 12QECh. 22 - Prob. 13QECh. 22 - Prob. 14QECh. 22 - Prob. 15QECh. 22 - Prob. 16QECh. 22 - Prob. 17QECh. 22 - Prob. 18QECh. 22 - Prob. 19QECh. 22 - Prob. 20QECh. 22 - Prob. 21QECh. 22 - Prob. 22QECh. 22 - Prob. 23QECh. 22 - Prob. 24QECh. 22 - Prob. 25QECh. 22 - Prob. 26QECh. 22 - Prob. 1QAPCh. 22 - Prob. 2QAPCh. 22 - Prob. 3QAPCh. 22 - Prob. 4QAPCh. 22 - Prob. 1IPCh. 22 - Prob. 2IPCh. 22 - Prob. 3IPCh. 22 - Prob. 4IPCh. 22 - Prob. 5IPCh. 22 - Prob. 6IP
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- According to Galbraith, why is it bad for society to be impacted by the Dependence Effect?arrow_forwardWhat do you think of the ethics of using unconscious nudges to alter people’s behavior? Before you answer, consider the following argument made by economists Richard Thaler and Cass Sunstein, who favor the use of nudges. They argue that in most situations, we couldn’t avoid nudging even if we wanted to because whatever policy we choose will contain some set of unconscious nudges and incentives that will influence people. Thus, they say, we might as well choose the wisest set of nudges.arrow_forwardFind the strategies that survive IDSDSarrow_forward
- Define behavioral economics and explain how it contrasts with neoclassical economics.arrow_forwardHow does the implementation of behavioral economics principles influence the success of fundraising campaigns for non-profit organizations?arrow_forwardBehavioral economics assumes that people are ___. Traditional economics assumes that people are ___.arrow_forward
- Where common pool resources exist, there is a case for government intervention to correct them. But under which conditions can we expect community-based solutions? What could the role of nudges be in this context? Discuss with reference to one or more examples.arrow_forward“Economics is the distribute scare resource to different group of society” - justify this statement from the different view of economics.arrow_forwardPlease ASAP this multiple choice question. Thank you. In the 1980s , Boston developed Operation Ceasefire, which was meant to clearly describe the consequences of criminal activity to a tageted group of high risk repeat offenders. This type of program best represents which purpose of punishment? A. Incapacitation B. Retribution C. General deterrence D. Specific deterrencearrow_forward
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