Libertarian Paternalism

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Normative and non-normative concepts: Paternalism and libertarian paternalism

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Can the general public learn to deal with risk and uncertainty, or do authorities need to steer people's choices in the right direction? Libertarian paternalists argue that results from psychological research show that our reasoning is systematically flawed and that we are hardly educable because our cognitive biases resemble stable visual illusions. For that reason, they maintain, authorities ...

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The idea of libertarian paternalism might seem to be an oxymoron, but it is both possible and desirable for private and public institutions to influence behavior while also respecting freedom of choice. Often people's preferences are unclear and ill-formed, and their choices will inevitably be influenced by default rules, framing effects and starting points. In these circumstances, a form of pa...

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ژورنال

عنوان ژورنال: American Economic Review

سال: 2003

ISSN: 0002-8282

DOI: 10.1257/000282803321947001