Behavioural Economics: A new approach to development policy

Approaching problems in  development using behavioural economics thus leads to better diagnosis, which in  turn leads to better-designed solutions.  This paper sketches how to use behavioral insights to design development programs  and policies. It distills the key insights  of behavioral economics into a simple framework about the constraints under which people make decisions. It then  shows how this framework leads to a set of behavioral design principles whose use can  improve the reach and effectiveness of a  variety of development programs......Read More