The Manipulation of Choice Ethics and Libertarian Paternalism
This timely book makes a forceful argument that the analyses from behavioral economists are incomplete, the policies advocated by libertarian paternalists are misguided and unethical, and both actually reinforce the cognitive biases and dysfunctions that
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Copyright material from www.palgraveconnect.com - licensed to University of Sydney - PalgraveConnect - 2016-03-27
THE MANIPULATION OF CHOICE
10.1057/9781137313577 - The Manipulation of Choice, Mark D. White
10.1057/9781137313577 - The Manipulation of Choice, Mark D. White
Copyright material from www.palgraveconnect.com - licensed to University of Sydney - PalgraveConnect - 2016-03-27
Ethics and Libertarian Paternalism Mark D. White
10.1057/9781137313577 - The Manipulation of Choice, Mark D. White
Copyright material from www.palgraveconnect.com - licensed to University of Sydney - PalgraveConnect - 2016-03-27
The Manipulation of Choice
THE MANIPULATION OF CHOICE
Copyright © Mark D. White, 2013. All rights reserved.
Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978–1–137–28776–2 Library of Congress Cataloging-in-Publication Data White, Mark D., 1971– The manipulation of choice : ethics and libertarian paternalism / Mark D. White. p. cm. Includes index. ISBN 978–1–137–28776–2 (alk. paper)— ISBN 978–1–137–28775–5 (alk. paper) 1. Economics—Psychological aspects. 2. Decision making. 3. Social choice. 4. Welfare economics. I. Title. HB74.P8W49 2013 330.01⬘9—dc23
2012029970
A catalogue record of the book is available from the British Library. Design by Newgen Imaging Systems (P) Ltd., Chennai, India. First edition: January 2013 10 9 8 7 6 5 4 3 2 1
10.1057/9781137313577 - The Manipulation of Choice, Mark D. White
Copyright material from www.palgraveconnect.com - licensed to University of Sydney - PalgraveConnect - 2016-03-27
First published in 2013 by PALGRAVE MACMILLAN® in the United States— a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010.
Acknowledgments
vii
Introduction: We Start with a Donut . . .
ix
Chapter 1 The Problems with Traditional Economic Models of Choice
1
Chapter 2 How Behavioral Economics Makes the Same Mistakes
23
Chapter 3 How Behavioral Economics Met Law and Economics and Begat Nudge
43
Chapter 4 Why Nudges Can’t Do What They Promise
61
Chapter 5 Why Nudges Are Unethical
81
Chapter 6 All Nudges Are Not Created Equal
103
Chapter 7 Why Choice Matters So Much—and What Can Be Done to Preserve It
127
10.1057/9781137313577 - The Manipulation of Choice, Mark D. White
Copyright material from www.palgraveconnect.com - licensed to University of Sydney - PalgraveConnect - 2016-03-27
Contents
Copyright material from www.palgraveconnect.com - licensed to University of Sydney - PalgraveConnect - 2016-03-27
vi CONT ENT S
Notes 151
Further Reading 173
Index 179
10.1057/9781137313577 - The Manip
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