Uncovering cognitive biases in policymaking could revolutionize public policy efficiency.
The article explores how people's natural thinking shortcuts and biases can affect public policies. By using insights from psychology, the researchers suggest that policies should consider how humans actually behave, rather than assuming perfect rationality. They focus on three specific biases that can impact decision-making: sticking with the status quo, being influenced by how information is presented, and mentally categorizing money. The goal is to see if understanding these biases can lead to better policy outcomes in certain areas.