Behavioral Insights in Infrastructure Sectors: A Survey
In the past two decades, insights from behavioral sciences, particularly behavioral economics, have been widely applied in the design of social programs such as pensions, social security, and taxation. This paper provides a survey of the existing literature in economics on the application of behavio...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2021
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| Online-Zugang: | Volltext |
| Zusammenfassung: | In the past two decades, insights from behavioral sciences, particularly behavioral economics, have been widely applied in the design of social programs such as pensions, social security, and taxation. This paper provides a survey of the existing literature in economics on the application of behavioral insights to infrastructure sectors, focusing on water and energy. Various applications of behavioral insights in the literature are examined from the perspectives of the three main actors in the infrastructure sectors: policy makers, service providers, and consumers. Evidence is presented from the literature on how behavioral regularities, such as imperfect optimization, limited self-control, and nonstandard preferences, affect the strategies, decisions, and actions of policy makers, service providers, and consumers, often leading to suboptimal outcomes for service investment, delivery, access, and use. The paper also highlights how behavioral interventions such as anchoring, framing, nonpecuniary incentives, and altering the choice architecture can lead to improvements in performance, adoption, consumption, and other outcomes of interest in the infrastructure sectors |
| Beschreibung: | 1 Online-Ressource (47 Seiten) |
| DOI: | 10.1596/1813-9450-9704 |
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| 520 | 3 | |a In the past two decades, insights from behavioral sciences, particularly behavioral economics, have been widely applied in the design of social programs such as pensions, social security, and taxation. This paper provides a survey of the existing literature in economics on the application of behavioral insights to infrastructure sectors, focusing on water and energy. Various applications of behavioral insights in the literature are examined from the perspectives of the three main actors in the infrastructure sectors: policy makers, service providers, and consumers. Evidence is presented from the literature on how behavioral regularities, such as imperfect optimization, limited self-control, and nonstandard preferences, affect the strategies, decisions, and actions of policy makers, service providers, and consumers, often leading to suboptimal outcomes for service investment, delivery, access, and use. The paper also highlights how behavioral interventions such as anchoring, framing, nonpecuniary incentives, and altering the choice architecture can lead to improvements in performance, adoption, consumption, and other outcomes of interest in the infrastructure sectors | |
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| spellingShingle | Joseph, George Behavioral Insights in Infrastructure Sectors A Survey |
| title | Behavioral Insights in Infrastructure Sectors A Survey |
| title_auth | Behavioral Insights in Infrastructure Sectors A Survey |
| title_exact_search | Behavioral Insights in Infrastructure Sectors A Survey |
| title_exact_search_txtP | Behavioral Insights in Infrastructure Sectors A Survey |
| title_full | Behavioral Insights in Infrastructure Sectors A Survey George Joseph |
| title_fullStr | Behavioral Insights in Infrastructure Sectors A Survey George Joseph |
| title_full_unstemmed | Behavioral Insights in Infrastructure Sectors A Survey George Joseph |
| title_short | Behavioral Insights in Infrastructure Sectors |
| title_sort | behavioral insights in infrastructure sectors a survey |
| title_sub | A Survey |
| url | https://doi.org/10.1596/1813-9450-9704 |
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