Financial Health

Ethical Machine Learning

by ideas42

  Applied together, it is fair to say that machine learning and behavioral science have the potential to significantly magnify social impact. Yet, as machine learning algorithms become more prevalent in the systems people use to make important decisions, there is deep, and not unfounded, concern that algorithms – even those designed with social impact […]

Resources for Making Financial Supports Behaviorally Informed During a Crisis

by Katy Davis & Manasee Desai

This is part of a series of posts about behavioral science and COVID-19. Click here to read about some of the most important behaviors during this pandemic—like seeking medical help, responding to humanitarian crises, and adapting to remote work in a global outbreak. You’d be forgiven if you overlooked that April is Financial Literacy Month, […]

13 Ways Behavioral Science Improved Lives in 2019

by ideas42

  Each year, the behavioral science community expands our knowledge about humans and decision-making and builds evidence for how to use behavioral science to improve lives. This rapidly growing community is made up of brilliant researchers, dedicated practitioners who apply behavioral science in their work solving problems, pioneering organizations that fund behavioral innovation around the […]

Cash Plus Behavioral Science Makes an Effective Anti-Poverty Tool Even Better for Beneficiaries

by ideas42

While the widespread adoption of cash transfer programs is a significant step in reducing global poverty, innovative solutions are needed to improve their efficiency. Since 2015, ideas42 and the World Bank have worked together to bring behavioral innovations to cash transfer programs. Most recently, we’ve been working with the governments of Kenya, Tanzania, and Madagascar […]

What’s It Like to Partner with a Behavioral Design Lab?

by Eva Matos and Emily Zimmerman

Over the past three years, ideas42 has collaborated with nine financial institutions across Mexico and Chile to leverage behavioral science to support their clients’ financial health—implementing 40 interventions for 440,000 study participants, and ultimately reaching over 21 million people. Supporting financial health around the world is one of the areas we focus our work to […]

Helping Small Business Owners Plan for their Financial Futures in Mexico

by Ariadna Vargas

Virginia owns a small business outside of Mexico City. Her brother, whom she cares for, suffers from a chronic health problem, so Virginia needs to have some cash available for covering expenses from sudden medical emergencies if they arise. Until recently, she maintained her savings with an informal community savings group, run by her neighbor, […]

Social Norms for Social Good: 3 Insights to Apply

by Liana Johnson

Social norms are a powerful tool for improving lives—they have helped people get healthier, save more money, and take positive environmental actions. While social norms sound simple—“tell people what others are doing and they’ll change their behavior!”—there are plenty of nuances to leveraging them for social good. Apply these three insights to optimize your social […]

Behavioral Science + Machine Learning = More Social Impact

by Rachel Rosenberg & Michael Stern

Imagine entering college for the first time. In addition to starting day one in a completely new environment, you have countless decisions to make within just a couple of weeks that will determine your path for the next two to four years: “What do I want to study?” “Which courses do I need to take?” […]

5 Impactful Behavioral Insights from 2018

by ideas42

A significant part of our work at ideas42 is learning, constantly, about people—how they make decisions and how their actions are impacted by the world around them. Through a deeper understanding about our often-quirky tendencies, we can more effectively design solutions that can positively impact the lives of millions of people. In this process, each […]

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