Protecting People from Mistakes: The New Form of Paternalism.
The article argues that people often make decisions that are not in their best interest due to behavioral market failures. The author suggests a form of paternalism to protect individuals from serious mistakes while still allowing freedom of choice. The research combines legal theory with economics to show that government-imposed structures affecting our choices are inevitable. The goal is to create choice architecture that helps people make better decisions and improves their lives.