Abstract

https://ssrn.com/abstract=2896949
 


 



‘Don't Tell Me What I Can't Do!’ On the Intrinsic Value of Control


Cass R. Sunstein


Harvard Law School; Harvard University - Harvard Kennedy School (HKS)

January 10, 2017

Forthcoming, Introduction, Behavioral Economics Guide 2017

Abstract:     
For most people, control has some intrinsic value; people care about maintaining it and will pay something to do so. Whenever a private or public institution blocks choices or interferes with agency, some people will rebel, even if exercising control would not result in material benefits or might produce material harms. On the other hand, people sometimes want to relinquish control, because exercising agency is burdensome or costly. This essay explores when rational and boundedly rational people will prefer to maintain or exercise control and when they will prefer to delegate it. 

Number of Pages in PDF File: 7

Keywords: control premium, Lockean Exclamation, intrinsic value, nudge, default rules

JEL Classification: D02, D03, D73, D87, D91, K00, K20


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Date posted: January 17, 2017 ; Last revised: January 19, 2017

Suggested Citation

Sunstein, Cass R., ‘Don't Tell Me What I Can't Do!’ On the Intrinsic Value of Control (January 10, 2017). Forthcoming, Introduction, Behavioral Economics Guide 2017. Available at SSRN: https://ssrn.com/abstract=2896949

Contact Information

Cass R. Sunstein (Contact Author)
Harvard Law School ( email )
1575 Massachusetts Ave
Areeda Hall 225
Cambridge, MA 02138
United States
617-496-2291 (Phone)

Harvard University - Harvard Kennedy School (HKS) ( email )
79 John F. Kennedy Street
Cambridge, MA 02138
United States
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