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A Triple Test for Behavioral Economics Models and Public Health Policy

Author

Listed:
  • Ryota Nakamura

    (University of East Anglia)

  • Marc Suhrcke

    (University of East Anglia)

  • Daniel John Zizzo

    (University of East Anglia)

Abstract
We propose a triple test to evaluate the usefulness of behavioral economics models for public health policy. Test 1 is whether the model provides reasonably new insights. Test 2 is on whether these have been properly applied to policy settings. Test 3 is whether they are corroborated by evidence. Where a test is not passed, this may point to directions for needed further research. We exemplify by considering the cases of social interactions models, self-control models and, in relation to health message framing, prospect theory; out of these, only a correctly applied prospect theory fully passes the tests at present.

Suggested Citation

  • Ryota Nakamura & Marc Suhrcke & Daniel John Zizzo, 2014. "A Triple Test for Behavioral Economics Models and Public Health Policy," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 14-01, School of Economics, University of East Anglia, Norwich, UK..
    • Handle: RePEc:uea:wcbess:14-01
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    More about this item

    Keywords

    behavioral economics; nudges; peer effects; self-control; prospect theory; framing effects;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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