We've had Reagonomics and Bushonomics - based on profligacy to a large extent. I don't think many people use the phrase Clintonomics, but this was essentially a bout of recticude in between the aforementioned governments.
Now Dan Ariely thinks Barack Obama may be the presidential candidate to appreciate behavioural economics. Apparently he has already used it on his campaign trail. You can hear Dan describe this on YouTube on this link.
2 comments:
"Thaler is revered by the leading wonks on Barack Obama's presidential campaign. Though he has no formal role, Thaler presides as a kind of in-house intellectual guru, consulting regularly with Obama's top economic adviser...
...If you automatically enroll workers in 401(k)s but allow them to opt out, most stick with it. Obama's savings plan exploits this so-called 'status quo' bias".
See full story here:
http://www.tnr.com/story.html?id=4d40a39e-8f57-4054-bd99-94bc9d19be1a
bd99-94bc9d19be1a
Post a Comment