Behavioural Insights and Regulatory Practice: A Review of the International Academic Literature
State of the Art in Regulatory Governance Research Paper – 2019.01. Wellington: Victoria University of Wellington/Government Regulatory Practice Initiative.
35 Pages Posted: 13 Mar 2019 Last revised: 25 Mar 2019
Date Written: February 11, 2019
This research report presents findings from a broad range of international academic literature on the use of insights from the behavioural sciences in regulatory practice — an approach to regulation colloquially known as ‘nudging’. The report is targeted at managers and frontline workers in regulatory organisations and units who are interested in this approach to regulation. The report addresses six themes: (1) the evolution of thinking about rational behaviour, (2) examples of the use of behavioural insights in regulation, (3) evidence of the workings of this approach, (4) experiments and randomised control trials to understand those workings, (5) ethical challenges, and (6) epistemic challenges.
Keywords: behavioural insights, regulation, nudging, behavioural sciences
JEL Classification: K00
Suggested Citation: Suggested Citation