TY - JOUR
T1 - An old measure of decision-making quality sheds new light on paternalism
AU - Kariv, Shachar
AU - Silverman, Daniel
PY - 2013/3
Y1 - 2013/3
N2 - Definitive judgment about the quality of decision-making ismade difficult by twin problems of measurement and identification. A measure of decision-making quality is hard to formalize, to quantify, and to make practical for use in a variety of choice environments; and it is difficult to distinguish differences in decisionmaking quality from unobserved differences in preferences, information, beliefs, or constraints. In this paper, we describe a widely applicable set of tools for theoretical analysis and experimental methods for addressing these problems. These tools and methods can indicate a more targeted approach to "light paternalism" polices aimed at improving decision-making quality.
AB - Definitive judgment about the quality of decision-making ismade difficult by twin problems of measurement and identification. A measure of decision-making quality is hard to formalize, to quantify, and to make practical for use in a variety of choice environments; and it is difficult to distinguish differences in decisionmaking quality from unobserved differences in preferences, information, beliefs, or constraints. In this paper, we describe a widely applicable set of tools for theoretical analysis and experimental methods for addressing these problems. These tools and methods can indicate a more targeted approach to "light paternalism" polices aimed at improving decision-making quality.
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U2 - 10.1628/093245613X660384
DO - 10.1628/093245613X660384
M3 - Article
AN - SCOPUS:84874785489
SN - 0932-4569
VL - 169
SP - 29
EP - 44
JO - Journal of Institutional and Theoretical Economics
JF - Journal of Institutional and Theoretical Economics
IS - 1
ER -