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Future Directions for Applying Behavioral Economics to Policy

Completed

Any project, supported or not by a committee, that has not deposited records to the Records Office.

Behavioral economics combines information about human behavior and outcomes with more standard methods of economic analysis. Behavioral economics has been applied in various contexts such as individual decision-making, nutrition policy, housing, and health insurance, and addressing addictive disorders. It is increasingly influencing standard economics, as well as commercial and public policy objectives through its many applications. The goal of this consensus study is to examine the history and progress of the field of behavioral economics in order to assess future prospects for research and possible impacts on policy.

Description

An ad hoc committee of the National Academies of Sciences, Engineering, and Medicine will review the evidence regarding the application of insights from behavioral economics to key public policy objectives (e.g., related to public health, multiple areas of chronic illness [including mental health and HIV], economic well-being, responses to global climate change). The committee will examine applications from the past 5 to 10 years (including available evidence on U.S. federal and state policy applications as well as international examples) to identify features of successful applications (including progress in methods for assessing outcomes of behavioral interventions), and also less successful applications that may offer valuable lessons. The committee will also examine main controversies that have arisen as field has progressed, particularly with regard to intersections with related disciplines including cognitive psychology, social psychology, and the decision sciences.
The committee will provide conclusions and recommendations regarding 1) guiding principles for applying behavioral economics research to policy; and 2) a research program to support future progress, including possible avenues for collaboration across disciplines that could advance theory and method. The committee will consider ethical issues related to the application, of behavioral economics, for example in health, political influence efforts, or commercial marketing.

Collaborators

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Committee Membership Roster Comments

Dr. Sinclair resigned from the committee on May 3, 2022
Dr. Ubel resigned from the committee on May 31, 2022.

Sponsors

Alfred P. Sloan Foundation

National Institutes of Health

W.K. Kellogg Foundation

Staff

Tina Winters

Lead

TWinters@nas.edu

Ashton Ray

JRay@nas.edu

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