The field mistakenly called “behavioral economics” (mistakenly because what it is is psychology applied to domains that are the normal province of economists) has taken the intellectual and political world by storm.
When it comes to being heard in Washington, classical economists have long gotten their way. Behavioral scientists, on the other hand, haven’t proved so adept at getting their message across.
The UK’s Behavioral Insight Team will no longer be a section of the UK Cabinet Offices.
The UK’s Behavioral Insights Team has generated a lot of attention around the world for using psychology to guide government spending. First, as skepticism, then as acclaim.