freedom of choice and bounded rationality: a brief appraisal of behavioral economists' plea for light paternalism

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ID: 128414
2012
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Abstract
Behavioral economics has addressed interesting positive and normative questions underlying the standard rational choice theory. More recently, it suggests that, in a real world of boundedly rational agents, economists could help people to improve the quality of their choices without any harm to autonomy and freedom of choice. This paper aims to scrutinize available arguments for and against current proposals of light paternalistic interventions mainly in the domain of intertemporal choice. It argues that incorporating the notion of bounded rationality in economic analysis and empirical findings of cognitive biases and self-control problems cannot make an indisputable case for paternalism.
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muramatsu2012brazilianfreedom Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Roberta Muramatsu;Patrícia Fonseca
Journal menopause review
Year 2012
DOI
10.1590/S0101-31572012000300006
URL
http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300006&lng=en&tlng=en
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