- identify the theoretical elements that address the issue. They identify the logic that guides the economic question;
- They identify empirical methods that would answer the question;
- They collect data relevant to the empirical analysis;
- They perform the empirical analysis;
- They interpret the results and explain the problems and the underlying statistical limits.
At the end of this learning unit, the student is able to :
At the end of the activity, students will be able
- to synthesize the elements that are essential to the understanding of a generic economic problem,
- to collect, select and analyze relevant data and information using rigorous and state-of-the-art methods
- to express a message in a clear, concise and structured way, both orally and in writing,
- to manage their work: set priorities, anticipate and plan all the relevant steps,
- to work in team.
The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
This seminar introduces the behavioral-economic concepts behind nudges, and introduces a powerful empirical tool that becomes increasingly relevant for policy evaluation - randomized control trials. These RCTs are frequently used to evaluate policies in general, but nudges in particular.
- Participation in Discussions in Class (20%)
- Presentation of a Research paper (40%)
- Write a Policy Proposal on a Nudge (40%).
- Work in small groups.
- Think of a policy problem of your choice and how a nudge could solve it.
- Also outline how you would use a randomised control trial to evaluatethe success of the policy.
- Write approximately 5-6 pages.
- Sunstein – Nudging: A Very Short Guide. Journal of Consumer Policy. 583(2014).
- Thaler, R. H., & Sunstein, C. R. Nudge: Improving Decisions About Health, Wealth, and Happiness. (Very good introduction into the topic. Highly entertaining!)
- Halpern, D. (2016). Inside the Nudge Unit: How small changes can make a big difference. Random House.
- Kahneman, D. (2011). Thinking, fast and slow. Macmillan. (for more details on cognitive biases)
- Angrist, Joshua D., and Jörn-Steffen Pischke. Mostly harmless econometrics: An empiricist's companion. Princeton university press, 2008.