New approach to public policy emphasizes reciprocity over paternalism.
The article argues that what are seen as mistakes in decision-making by behavioral economists may not actually be errors. It suggests that trying to change people's choices based on these supposed errors may not make their lives better. Instead, the focus should be on promoting reciprocity and preventing harm to others. When one party benefits at the expense of another, regulations should be in place to stop this. The article calls for a shift in public policy towards preserving individual freedom while regulating harmful behaviors.