World Bank Group
- Title: World Development Report 2015: Mind, Society and Behavior
- Author: World Bank Group
- ISBN: 9781464803437
- Page: 157
- Format: ebook
Every policy relies on explicit or implicit assumptions about how people make choices Those assumptions typically rest on an idealized model of how people think, rather than an understanding of how everyday thinking actually works This year s World Development Report argues that a realistic account of decision making and behavior will make development policy efEvery policy relies on explicit or implicit assumptions about how people make choices Those assumptions typically rest on an idealized model of how people think, rather than an understanding of how everyday thinking actually works This year s World Development Report argues that a realistic account of decision making and behavior will make development policy effective The Report emphasizes what it calls the three marks of everyday thinking In everyday thinking, people use intuition much than careful analysis They employ concepts and tools that prior experience in their cultural world has made familiar And social emotions and social norms motivate much of what they do These insights together explain the extraordinary persistence of some social practices, and rapid change in others They also offer new targets for development policy A richer understanding of why people save, use preventive health care, work hard, learn, and conserve energy provides a basis for innovative and inexpensive interventions The insights reveal that poverty not only deprives people of resources but is an environment that shapes decision making, a fact that development projects across the board need to recognize The insights show that the psychological foundations of decision making emerge at a young age and require social support The Report applies insights from modern behavioral and social sciences to development policies for addressing poverty, finance, productivity, health, children, and climate change It demonstrates that new policy ideas based on a richer view of decision making can yield high economic returns These new policy targets include the choice architecture for example, the default option the scope for social rewards frames that influence whether or not a norm is activated information in the form of rules of thumb opportunities for experiences that change mental models or social norms Finally, the Report shows that small changes in context have large effects on behavior As a result, discovering which interventions are most effective, and with which contexts and populations, inherently requires an experimental approach Rigor is needed for testing the processes for delivering interventions, not just the products that are delivered.
Recent Comments "World Development Report 2015: Mind, Society and Behavior"
The two systems of thinking is analyzed based on existing research. Worth the read.
Simply extraordinary. Take all of the modern research about how humans make decisions, especially economic decisions, give that to people at the World Bank, and give them 2 years, and you get a remarkable story and guide to fostering economic development around the world. People are NOT poor because they are lazy or stupid! They are the victims of our evolutionarily developed decision tools, that are not capable of good decisions in today's world, AND they are victims of their history and mental [...]
Alternative title: "Behavioral economics for development dummies." A reasonable tour de horizon — but no more than that — of some of the insights concerning heuristics and biases that the Kahneman revolution has introduced into economics, along with some rather unoriginal considerations of how these insights might apply to the development and measurement of developmental programs, particularly in microfinance, public health, and early childhood development programs. I suppose it might be use [...]
Finally the dismal science is getting a grip on the obvious.
Unlimited [Self Help Book] ☆ World Development Report 2015: Mind, Society and Behavior - by World Bank Group ½ 157 World Bank Group
Title: Unlimited [Self Help Book] ☆ World Development Report 2015: Mind, Society and Behavior - by World Bank Group ½