1. In principle, if some people are subject to bounded rationality, while others are not, could policies...

Question:

1. In principle, if some people are subject to bounded rationality, while others are not, could policies that nudge only those with bounded rationality move those people toward making higher-utility choices? Explain your reasoning.
2. Why do you suppose that some economists have expressed concerns that officials of government agencies might be tempted to substitute their own utility assessments for those of the people that the officials seek to nudge?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: