Nudging and Phishing: A Theory of Behavioral Welfare Economics

Jimenez-Gomez, David

doi:10.2139/ssrn.3248503

Cited by 10 publications

(7 citation statements)

References 67 publications

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“…As an illustration, consider Handel (2013)'s study of health insurance markets where substantial inertia had been observed. He structurally es- 76 Related studies test specific aspects of behavioral theory and their welfare consequences through field experiments: (Zhe Jin et al Bernheim et al 2011;Allcott and Taubinsky 2015;Allcott and Kessler 2019;DellaVigna et al 2017DellaVigna et al , 2016, and develop theories that explicitly consider how behavioral economics affects welfare measurement: (Spiegler 2014;Gabaix and Farhi 2017;Jimenez-Gomez 2017). Finkelstein and Notowidigdo (2018) use a randomized natural field experiment to test two competing explanations -based on neoclassical and behavioral theory, respectively -for the low take-up of SNAP benefits, and estimate the welfare impact of different interventions aimed at increasing take-up.…”

Section: Use Blocked Randomization To Increase Power and Credibilitymentioning

confidence: 99%

The Dozen Things Experimental Economists Should Do (More Of)

2019

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What was once broadly viewed as an impossibility-learning from experimental data in economics-has now become commonplace. Governmental bodies, think tanks, and corporations around the world employ teams of experimental researchers to answer their most pressing questions. For their part, in the past two decades academics have begun to more actively partner with organizations to generate data via field experimentation. While this revolution in evidence-based approaches has served to deepen the economic science, recently a credibility crisis has caused even the most

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Section: Use Blocked Randomization To Increase Power and Credibilitymentioning

confidence: 99%

The Dozen Things Experimental Economists Should Do (More Of)

2019

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“…Finally, researchers should pay attention to potential heterogeneity in treatment response (see sections 3.1 and 3.12). Heterogeneity is crucial when computing welfare effects, because different individuals may benefit (or suffer) to varying degrees from a given program, and therefore the distribution of welfare can be very different for some subpopulations (Jimenez‐Gomez ).…”

Section: Dozen Thingsmentioning

confidence: 99%

“…Related studies test specific aspects of behavioral theory and their welfare consequences through field experiments: (Zhe Jin, Kato, and List et al ; Bernheim, Fradkein, and Popov ; Allcott and Taubinsky ; Allcott and Kessler ; DellaVigna, List, and Malmendier , ), and develop theories that explicitly consider how behavioral economics affects welfare measurement: (Spiegler ; Gabaix and Farhi ; Jimenez‐Gomez ). Finkelstein and Notowidigdo () use a randomized natural field experiment to test two competing explanations—based on neoclassical and behavioral theory, respectively—for the low take‐up of SNAP benefits, and estimate the welfare impact of different interventions aimed at increasing take‐up.…”

mentioning

confidence: 99%

The Dozen Things Experimental Economists Should Do (More of)

Czibor¹,

Jimenez-Gomez²,

List

2019

Southern Economic Journal

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What was once broadly viewed as an impossibility—learning from experimental data in economics—has now become commonplace. Governmental bodies, think tanks, and corporations around the world employ teams of experimental researchers to answer their most pressing questions. For their part, in the past two decades academics have begun to more actively partner with organizations to generate data via field experimentation. Although this revolution in evidence‐based approaches has served to deepen the economic science, recently a credibility crisis has caused even the most ardent experimental proponents to pause. This study takes a step back from the burgeoning experimental literature and introduces 12 actions that might help to alleviate this credibility crisis and raise experimental economics to an even higher level. In this way, we view our “12 action wish list” as discussion points to enrich the field.

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“…10 The literature in behavioral welfare economics has recently emphasized the importance of focusing on general equilibrium e↵ects (Handel, 2013;Spiegler, 2014;Jimenez-Gomez, 2019). We believe that general equilibrium are indeed of great importance, but we only focus on the partial equilibrium e↵ect of our intervention, due to logistical constraints.…”

Section: Theoretical Underpinningsmentioning

confidence: 99%

“…These results hold import for the recent discussion regarding scaling and generalizability of experimental results. As Al-Ubaydli et al (2017, 2019 show, the properties of the population and situation importantly influence whether and to what extent empirical results from original small-scale studies transfer to a larger setting. In this case, our results show that sorting in and of itself leads to dramatically di↵erent policy interpretations.…”

Section: Figures In Tablementioning

confidence: 99%