Choice Architecture

?
  • Created by: DanTstudy
  • Created on: 22-09-19 19:37
View mindmap
  • Choice Architecture
    • choice architecture is a framework setting out different ways in which choices could be presented to consumers, and the impacts of that presentation on choice
    • governments can use behavioural insights to design choice architecture so that citizens are nudged to opt for choice that are deemed to be in their best interest. this would achieve a socially desirable option
    • farming is the tendency for people to be influenced by the context in which the choice is presented when making a decision
    • Choice
      • default choice: an option that is selected automatically unless an alternative is specified
      • restricted choice: means offering people a limited number of options so that they are not overwhelmed by the complexity of the situation
        • therefore, making poorly-thought-out decisions or no decisions at all
      • mandate choice: means people are required by law to make a decision and not just go along with the default position
    • Behavioural Interventions
      • - Nudge
      • - Smack
      • - Shove
      • - Hug
      • Heuristics
        • these are mental short cuts or rules of thumb for our decision making to help people make a quick satisfactory answer to a complex question
        • these aren't always perfect + Ger G. argues that heuristics can be an optimum way to make decisions on occasions where we lack information or time

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Behavioural Economics resources »