Behavioural Economics

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August 31, 2024 5 min read Definitions

Behavioural Insights Team: Applying Behavioural Science to Public Policy

Economics Government Regulations Behavioural Economics Public Policy Nudge Theory Paternalism Social-Sciences

The Behavioural Insights Team, also known as the 'Nudge Unit', is a social purpose company formerly part of the UK government. This team utilizes behavioural sciences to design cost-effective public policies aimed at inducing desirable behavioural responses and facilitating better individual choices.

August 31, 2024 4 min read Definitions

Incentive Contract: A Strategic Tool to Induce Desired Behaviour

Economics Finance Contracts Incentives Agency Theory Behavioural Economics Organizational Behaviour

An in-depth look at incentive contracts, their historical context, types, key events, and their importance in agency theory and organizational behaviour.