Behavioral Public Policy and Economics GmbH
We are delighted to announce that the European Commission’s Directorate-General for Justice and Consumers has tasked Behavia, as part of a consortium led by Milieu, to investigate how policy interventions can play a positive role in extending the life and use of durable products and prevent premature disposal.
Social norms are the unwritten rules of societies. As social creatures, we have learned to internalize these rules to reduce uncertainty in social interactions, avoid sanctioning, and increase our sense of belonging and identity. Therefore, information that emphasizes a social norm can potentially alter individual behavior, for better or for worse.
Unexpected events like the Covid-19 pandemic or crises in the banking sectors regularly drive investors into panic selling. The typical “buy-high, sell-low” pattern emerging from panic selling does not only harm private investors’ financial health but also increases the chances of market crashes. Finding effective means to combat panic selling is therefore of vital importance to regulators, financial institutions, and other market actors.
A newly published article by de Ridder et al. (2021) investigates what makes people ‘nudgeable’, i.e. receptive to nudge interventions. They argue that nudgeability depends on the strength of preexisting preferences.
We are very pleased to welcome Fahad Alsharif, Ph.D. as a Senior Affiliate to our team.
Dr. Fahad is a distinguished scholar in labor, social and migration policies and Senior Research Fellow at the King Faisal Center for Research and Islamic Studies (KFCRIS) in Riyadh, Saudi Arabia.
Limited-time offers have long been used by salespeople and marketers to lure customers to snatch up bargains. The less time customers have to think, one might assume, the more likely it is that they make an impulsive purchase and stop looking for alternatives.
With the rise of humanitarian emergencies in the world, we are more than ever in need of global solidarity. What can we do to help foster prosocial behavior and increase donations for disaster relief? Here are some tips and examples for marketers, CSR professionals, and decision-makers.
Upon invitation of the MiSK Foundation, our director Dr. Manuel Schubert joined the final presentations of MiSK’s Ignited Voices program as a judge.
Eid Al-Adha Mubarak to all friends, partners and colleagues. We wish you and your families a very happy and peaceful Eid break.
Our director Julia Stauf gave a guest lecture on Behavioral Insights and Fundraising as part of the Behavioral Operations class of Prof. Dr. Nicolas Fugger, University of Cologne – a great opportunity to bridge theory and practice with inspiring discussions on how to improve donation campaigns for NGOs.