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Nudging is being framed

Published online by Cambridge University Press:  30 August 2023

Richard H. Thaler Open the ORCID record for Richard H. Thaler [Opens in a new window]
Richard H. Thaler*
Affiliation:
Chicago Booth School of Business, University of Chicago, Chicago, IL, USA thaler@chicagobooth.edu; https://faculty.chicagobooth.edu/richard-thaler
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Abstract

I make three points. First, the i-frame and s-frame are not helpful frameworks for thinking about behavioral public policy. Second, the authors ignore the role of politics: Policies (and the s-frame) require laws and regulations. Third, the research on retirement savings, which is all about the system, undercuts their claims.

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 46 , 2023 , e177
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Copyright
Copyright © The Author(s), 2023. Published by Cambridge University Press

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References

Beshears, J., Choi, J. J., Laibson, D., & Madrian, B. C. (2008). A primer on 401 (k) loans (no. onb08-09). National Bureau of Economic Research.Google Scholar
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Chalmers, J., Mitchell, O. S., Reuter, J., & Zhong, M. (2021). Auto-enrollment retirement plans for the people: Choices and outcomes in OregonSaves (no. w28469). National Bureau of Economic Research.CrossRefGoogle Scholar
Nest Insight. (2022). Retirement saving in the UK. https://www.nestinsight.org.uk/wp-content/uploads/2022/10/Retirement-saving-in-the-UK-2022.pdfGoogle Scholar