A large literature focuses on the biases of individuals and consumers, as well as "nudges" and other policies that can address those biases. Although policy decisions are often more consequential than those of individual consumers, there is a dearth of studies on the biases of policy professionals: those who prepare and implement policy on behalf of elected politicians. Experiments conducted on a novel subject pool of development policy professionals...
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DETAILS
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2017/06/26
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Policy Research Working Paper
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WPS8113
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1
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1
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2017/06/26
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Disclosed
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Biased policy professionals
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sunk cost
Citation
Banuri,Sheheryar; Dercon,Stefan; Gauri,Varun.
Biased policy professionals (English). Policy Research working paper|no. WPS 8113 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/685691498482210671