Governments can use behavioral economics to design policies that redistribute income and encourage behaviors promoting long-term economic well-being by leveraging cognitive biases and heuristics.

Authors

• Person: Not available Organization: Sparkl
  Revision Notes - The role of government in reducing inequality | IB DP

Sources

• Revision Notes - The role of government in reducing inequality | IB DP www.sparkl.me Sparkl via serper

Referenced by nodes (6)

• heuristics concept
• cognitive bias concept
• income redistribution concept
• government entity
• behavioral economics concept
• financial well-being concept