Some still advocate sticking to
a policy of nudging down interest rates further, such as by scrapping a 0.1 percent floor set on money market rates.
Not exact matches
Although short - term interest rates did rise this year as a slightly less timid Federal Reserve (Fed)
nudged the
policy rate higher, for the long end
of the curve it was more
of the same.
February's report from the Global Public
Policy Institute, «Authoritarian Advance,» catalogued the extraordinary range
of parties that have been prodded or
nudged or steered toward a stance more acceptable to Beijing.
So, he argues, the whole idea
of democratic disagreement is becoming replaced by this kind
of nudge theory and tailored service provision in areas such as crime or health
policy.
Recent proposals by
policy makers from the state
of Hessia and the ministry
of labour seek to «
nudge» companies into providing occupational schemes.
However, writes Andreas T. Schmidt (University
of Groningen), within an environment where private companies frequently adopt
nudge strategies, public
policy nudges need not have greater implications for democracy and transparency than other forms
of government intervention, and can be one tool in exerting democratic control over private sector
nudge tactics.
The team compared the effectiveness
of nudge - type strategies with more standard
policy interventions, calculating the ratio between an intervention's causal effect and its implementation cost.
With this in mind, a research team including academics and practitioners inside and outside
of government examined existing studies to evaluate the relative cost effectiveness
of nudges and other
policy interventions.
The results showed a pattern: In each
of the domains that the researchers examined,
nudges were highly cost effective, often more so than the traditional
policy interventions.
Governments around the world have increasingly turned to behavioral science to help address various
policy problems — new research shows that some
of the best - known strategies derived from behavioral science, commonly referred to as «
nudges,» may be extremely cost effective.
And there are many cases in which traditional tools — such as prohibitions and mandates — are essential for achieving specific
policy objectives, and
nudges might not be
of value.
Economist Richard Thaler and legal scholar Cass Sunstein (now a senior
policy - maker in the Obama administration) present the latest, and subtlest, version
of this temptation in their influential work on «
nudging» people into making wiser choices.
The bottom line: This is a serious but highly imperfect attempt to
nudge academe to do more to recognize and encourage scholarship which engages the real world
of practice and
policy.
Jay Greene reviewed the book for Education Next here and critiqued the use
of behavioral
nudge strategies in education
policy.
Given that the point
of the exercise is to
nudge the academy to do more in acknowledging scholars engaged in translating research into
policy and practice, I focused on active university scholars.
Policy efforts that raised the floor and eased the achievement gap did so at the expense
of strong students, who were already
nudging the ceiling.
But that's a meaningless assertion without asking whether there is evidence
of a meaningful influence — meaning enough
of a
nudge to the atmosphere that the contribution from greenhouse gases is relevant to
policy and personal choices, in this case in tornado zones.
They think they've got a different
policy mix
of nudges and sharp elbows from the federal government, to make the energy sector juuuuuust right.
Federal and state
policies can guide,
nudge and encourage a transition toward cleaner energy in parts
of the country that long have depended on coal.
The Obama administration successfully incorporated the concept
of «
nudges» into their
policy work.
Thought leaders and colleagues from a long list
of organizations have encouraged us,
nudged us and been our «media mentors», including: Fred Rogers Center for Early Learning and Children's Media at Saint Vincent College; American Library Association (ALA); Association
of Children's Museums (ACM); Association
of Library Service to Children (ALSC); Catherine Cook School; Center for Media and Child Health at Boston Children's Hospital; Center for Media and Human Development at Northwestern University; Chicago Children's Museum; Chicago Public Library; Chicago STEM Pathways Cooperative; Children's Technology Review; Columbia College Chicago; CPB / PBS Ready to Learn; Early Childhood Australia Digital
Policy Group and Live Wires; Early Childhood Futures, Learning Sciences Institute Australia, Australian Catholic University; Early Childhood Investigations; Early Childhood STEM Working Group; HITN Early Learning Collaborative; Illinois Computing Educators (ICE); Illinois Institute
of Technology (IIT); Joan Ganz Cooney Center at Sesame Workshop; Kohl Children's Museum; Language Castle; Little eLit; National Association for the Education
of Young Children (NAEYC); National Association
of Media Literacy Education (NAMLE); New America; New Zealand Tertiary College; Technology and Young Children Interest Forum
of NAEYC; and Waterford Institute, Early Education and Technology for Children (EETC)