you have been asked to help a Saudi Finance Ministry incorporate behavioral science into their policies.
you have been asked to help a Saudi Finance Ministry incorporate behavioral science into their policies. Pick a financial policy that you feel incorporating behavioral science will make it more effective. In your memo you will include:
A problem statement: What issue is the policy trying to solve? Provide descriptive data on the scope of the problem (e.g., how many Saudis does this affect) (1.5 points)
A description of the policy (1.5 points)
A description of the human tendencies that limit the policy’s effectiveness for example
(arrrbution error, norms ,nudge, salience, proming, affect, commitments, ego, incentives) any of these theories or you can do the search for behavioral scince human tendencies. (2 points)
A proposal for shifting the choice architecture to improve the policy’s effectiveness (2 points)
A description of how the choice architecture will help overcome barriers to behavior change (3 points)
Two pages, single-spaced, 12-point font.
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