All Posts Tagged With: "status quo bias"

Libertarian Paternalism?

Can paternalism and libertarianism be squared with each other? Two prominent scholars think so. University of Chicago law professor Cass Sunstein and University of Chicago economist Richard Thaler make a case for what they call “libertarian paternalism.” Here’s their argument.  A large body of experimental data, gathered mostly by behavioral psychologists and behavioral economists, shows [...]

1Sep2006 | Donald J. Boudreaux | 0 comments | Continued
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