Overview of Behavioral Economics - World Health Summit

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Two Main Takeaways• Don’t be too quick to think that traditional economic approachesassuming rational behavior can’t apply to healthy decision making• Don’t be too narrow-minded to think that insights from elsewherearen’t informative9

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<strong>Behavioral</strong> <strong>Economics</strong> Examples: Decision Making• Opting out vs. opting inExperience with private US retirement accounts (401K)Adopted to US health insurance reform in large employers• Loss aversion (home prices)• Herd mentality: bubbles and crashes• Absolute vs. relative income• Punishment for not sharing in laboratory games8

Page 1 and 2: World Health Summit Partner Symposi
Page 3 and 4: Why Do People Make “Bad” Decisi
Page 5 and 6: Economic Policy Implications of “
Page 7: Behavioral Economics Examples: Fina

Overview of Behavioral Economics - World Health Summit

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