The World Bank’s World Development Report 2015: Mind, Society, and Behavior, examines early, exciting work that suggests ways of diagnosing and solving the psychological and social factors that influence development. The new approaches are complements to a host of other standard economic tools. The generally held view is that public policy typically subsidizes and publicizes activities worth encouraging and taxes those to be discouraged. Underlying this approach is the notion that human behavior arises from “rational” choice: individuals carefully weigh their choices, consider all readily available information, and make decisions on their own.
But the World Development Report points out that people do not always make deliberative, independent decisions based on careful self-interested calculations. Rather, they tend to think quickly and to use mental shortcuts and shared mindsets. The report stresses that focusing more closely on correctly defining and diagnosing problems can lead to better designed interventions.
ECDPM’s Jean Bossuyt will be a discussant at the presentation.
Registration for this event is closed. It will be possible to follow the conference in web-streaming on the following link: