Oct 22, 2015
Today’s World Bank Global Insights Initiative (GINI) announcement represents many milestones. It’s the most significant of the many recent steps made by the world’s multilateral governance institutions to add behavioral science tools alongside those of traditional economics to the modern policymaker’s toolbox. As such, it’s a triumph for those of us who support a behavioral … Read more.
Sep 3, 2015
We probably don’t need to tell you, savvy reader, that behavioral science is fascinating. The insights on human behavior that have come from the last few decades of research are not only profound and compelling, but can also delight. Take loss aversion. First demonstrated by Daniel Kahneman and Amos Tversky, this principle says we dislike … Read more.
Jul 8, 2015
For the 45.3 million Americans who struggle to cover basic expenses, living in poverty is costly in terms of time, money, and cognition. Recent research by two of ideas42’s cofounders gives a name to the cognitive costs of poverty: a bandwidth tax, levied by the experience of scarcity. They find that lacking a key resource, … Read more.
Sep 10, 2014
A new evaluation of a project that ideas42 collaborated on points to the huge impact that low-cost, easy-to-implement interventions can have on the lives of some of the poorest and most vulnerable people in society. Using ideas42’s unique diagnosis and design methodology, the project aimed to increase the number of inmates in Texas prisons who … Read more.
Feb 10, 2014
It’s no secret that saving money is a good idea. Even when money is tight, putting away a small amount on a regular basis can help deal with unforeseen financial shocks as well as allow people to make investments to build financial stability in the long-term. But time and time again we see people failing to save for … Read more.
Feb 5, 2014
In the social sector, it’s not always possible to test the impact of a designed solution. This often leaves us wondering whether resources are spent in ways that have real effects on welfare. The BETA Projectwas a unique opportunity to design behavioral solutions for three partner sites and test each solution to see whether or … Read more.
Feb 5, 2014
What organization doesn’t want to describe itself as “outcome oriented” and “data driven”? These two buzz phrases highlight a growing interest in the social sector for measuring and tracking concrete outputs in order to demonstrate organizational impact. Beyond the usual metrics, however, is the need to measure the impact of specific program changes or initiatives. … Read more.
Feb 5, 2014
How do we understand the world around us? As individuals, we have five senses that will reveal some truth about the world, and they serve us pretty well when we’re trying to survive. But how do you see an atom? Can you touch a burgeoning social movement? Can you hear the migratory behavior of the … Read more.
Jan 17, 2014
People are presented with many choices throughout their day, from what to have for lunch to where to go on vacation to how much money to save for emergencies. In many situations, this ability to choose enhances our lives. However, having too many choices can sometimes feel like a burden, especially if the choices are … Read more.
Nov 21, 2013
Editor’s Note: The following article was originally published by Next Billion‘s James Militzer. Why do so many people – in all countries and at all levels of society – struggle to make sound financial decisions? Answering that question is one of the missions of ideas42, a non-profit “behavior design lab” that specializes in behavioral economics, … Read more.