BEHAVIOURAL ECONOMICS AND …

BEHAVIOURAL ECONOMICS AND environmental policy design . Project Description Empirical policy Analysis Unit Environment and Economy Integration Division OECD Environment Directorate July 2012. 1. Background BEHAVIOURAL ECONOMICS is an area of research that tests the orthodox ( neoclassical ) assumptions that individuals are rational, possess all freely available information, and self-interested. This area of research has identified a number of consistent BEHAVIOURAL patterns which systematically violate these assumptions. BEHAVIOURAL ECONOMICS research has played an important role in informing policymakers in areas such as personal health, labour markets, consumer markets and personal finance. A number of OECD. governments have put in place mechanisms which encourage the consideration of insights from BEHAVIOURAL ECONOMICS in their deliberations concerning policy design . In the United Kingdom the BEHAVIOURAL Insights Team sits directly in the Cabinet Office, and has been active across a variety of policy In the European Commission the Directorate-General for Health and Consumers has launched a framework programme to support BEHAVIOURAL ECONOMICS work in the Commission as a In the United States the Office of Management and Budget has drawn inspiration from BEHAVIOURAL ECONOMICS in the areas of health-care provision and financial regulation.

1 BEHAVIOURAL ECONOMICS AND ENVIRONMENTAL POLICY DESIGN Project Description Empirical Policy Analysis Unit Environment and Economy Integration Division

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  Economic, Policy, Design, Environmental, Behavioural economics and, Behavioural, Behavioural economics and environmental policy design

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