BEHAVIORAL ECONOMICS AND EMPIRICAL PUBLIC POLICY

Steven R. Hursh · Peter G. Roma

249 citations0/0 files storedJournal of the Experimental Analysis of Behavior

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Decision-Making and Behavioral Economics Behavioral and Psychological Studies Economic and Environmental Valuation

Abstract

The application of economics principles to the analysis of behavior has yielded novel insights on value and choice across contexts ranging from laboratory animal research to clinical populations to national trends of global impact. Recent innovations in demand curve methods provide a credible means of quantitatively comparing qualitatively different reinforcers as well as quantifying the choice relations between concurrently available reinforcers. The potential of the behavioral economic approach to inform public policy is illustrated with examples from basic research, pre-clinical behavioral pharmacology, and clinical drug abuse research as well as emerging applications to public transportation and social behavior. Behavioral Economics can serve as a broadly applicable conceptual, methodological, and analytical framework for the development and evaluation of empirical public policy.

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References

1971The Evolution of Reciprocal Altruism 1982Judgment under Uncertainty 1982Judgment under uncertainty: Causality and attribution 1961RELATIVE AND ABSOLUTE STRENGTH OF RESPONSE AS A FUNCTION OF FREQUENCY OF REINFORCEMENT 1, 2 1995The Handbook of Experimental Economics 2010The Neuropeptide Oxytocin Regulates Parochial Altruism in Intergroup Conflict Among Humans 1980ECONOMIC CONCEPTS FOR THE ANALYSIS OF BEHAVIOR 2008Economic demand and essential value.

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