Behavioral Insights in Infrastructure Sectors : A Survey
In the past two decades, insights from behavioral sciences, particularly behavioral economics, have been widely applied in the design of social programs such as pensions, social security, and taxation. This paper provides a survey of the existing l...
| Main Authors: | , , , , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/796221624298910294/Behavioral-Insights-in-Infrastructure-Sectors-A-Survey http://hdl.handle.net/10986/35824 |
| id |
okr-10986-35824 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-358242021-06-25T05:10:39Z Behavioral Insights in Infrastructure Sectors : A Survey Joseph, George Ayling, Sophie Miquel-Florensa, Pepita Bejarano, Hernán D. Cardona, Alejandra Quevedo BEHAVIORAL ECONOMICS PUBLICLY-PROVIDED GOODS WATER ENERGY INFRASTRUCTURE DEVELOPMENT PLANNING AND POLICY In the past two decades, insights from behavioral sciences, particularly behavioral economics, have been widely applied in the design of social programs such as pensions, social security, and taxation. This paper provides a survey of the existing literature in economics on the application of behavioral insights to infrastructure sectors, focusing on water and energy. Various applications of behavioral insights in the literature are examined from the perspectives of the three main actors in the infrastructure sectors: policy makers, service providers, and consumers. Evidence is presented from the literature on how behavioral regularities, such as imperfect optimization, limited self-control, and nonstandard preferences, affect the strategies, decisions, and actions of policy makers, service providers, and consumers, often leading to suboptimal outcomes for service investment, delivery, access, and use. The paper also highlights how behavioral interventions such as anchoring, framing, nonpecuniary incentives, and altering the choice architecture can lead to improvements in performance, adoption, consumption, and other outcomes of interest in the infrastructure sectors. 2021-06-24T14:48:20Z 2021-06-24T14:48:20Z 2021-06 Working Paper http://documents.worldbank.org/curated/en/796221624298910294/Behavioral-Insights-in-Infrastructure-Sectors-A-Survey http://hdl.handle.net/10986/35824 English Policy Research Working Paper;No. 9704 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
BEHAVIORAL ECONOMICS PUBLICLY-PROVIDED GOODS WATER ENERGY INFRASTRUCTURE DEVELOPMENT PLANNING AND POLICY |
| spellingShingle |
BEHAVIORAL ECONOMICS PUBLICLY-PROVIDED GOODS WATER ENERGY INFRASTRUCTURE DEVELOPMENT PLANNING AND POLICY Joseph, George Ayling, Sophie Miquel-Florensa, Pepita Bejarano, Hernán D. Cardona, Alejandra Quevedo Behavioral Insights in Infrastructure Sectors : A Survey |
| relation |
Policy Research Working Paper;No. 9704 |
| description |
In the past two decades, insights from
behavioral sciences, particularly behavioral economics, have
been widely applied in the design of social programs such as
pensions, social security, and taxation. This paper provides
a survey of the existing literature in economics on the
application of behavioral insights to infrastructure
sectors, focusing on water and energy. Various applications
of behavioral insights in the literature are examined from
the perspectives of the three main actors in the
infrastructure sectors: policy makers, service providers,
and consumers. Evidence is presented from the literature on
how behavioral regularities, such as imperfect optimization,
limited self-control, and nonstandard preferences, affect
the strategies, decisions, and actions of policy makers,
service providers, and consumers, often leading to
suboptimal outcomes for service investment, delivery,
access, and use. The paper also highlights how behavioral
interventions such as anchoring, framing, nonpecuniary
incentives, and altering the choice architecture can lead to
improvements in performance, adoption, consumption, and
other outcomes of interest in the infrastructure sectors. |
| format |
Working Paper |
| author |
Joseph, George Ayling, Sophie Miquel-Florensa, Pepita Bejarano, Hernán D. Cardona, Alejandra Quevedo |
| author_facet |
Joseph, George Ayling, Sophie Miquel-Florensa, Pepita Bejarano, Hernán D. Cardona, Alejandra Quevedo |
| author_sort |
Joseph, George |
| title |
Behavioral Insights in Infrastructure Sectors : A Survey |
| title_short |
Behavioral Insights in Infrastructure Sectors : A Survey |
| title_full |
Behavioral Insights in Infrastructure Sectors : A Survey |
| title_fullStr |
Behavioral Insights in Infrastructure Sectors : A Survey |
| title_full_unstemmed |
Behavioral Insights in Infrastructure Sectors : A Survey |
| title_sort |
behavioral insights in infrastructure sectors : a survey |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/796221624298910294/Behavioral-Insights-in-Infrastructure-Sectors-A-Survey http://hdl.handle.net/10986/35824 |
| _version_ |
1764483851811291136 |