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Based on the findings (not only) from Behavioral Economics and Behavioral Financ

Based on the findings (not only) from Behavioral Economics and Behavioral Finance field, policy
makers should consider the revealed biases, due to which people incline to make irrational decisions.
To overcome these irrational decisions or to smooth their impact, policy makers can design certain
“nudges” = specific interventions aimed to trigger favourable choices, without taking away the
freedom of choice. Nudges rely on principles such as Default, Simplification, Reminders, etc. and can
be used in various areas of public policy.
1. Imagine you are policy makers dealing with the topic of hazard games, specifically online
gambling, and you are expected to design certain measures (nudges) to prevent people from
pathological gambling, spending enormous amounts of money, etc – in other words – to
decrease the negative impact of gambling.
 Suggest and describe nudges that can be according to you designed in order to protect
the consumers of online gambling services. Define key biases relevant to financial
behaviour of humans in this case, their impact in relation to gambling and try to pair it
with relevant nudge/nudges that help solving these biases, respective smoothing their
impact.
(Approximately 2-3 pages. Use any source or research you like, but do not forget to
cite your sources)
2. Imagine you are policy makers dealing with the topic of ….choose anything you perceive as a
problem in the society, that attracts your attention. Define the problem.
 What kind of nudges can be designed in order to improve the situation? Define key
biases relevant to behaviour of humans, their impact in relation to stated problem and
try to pair it with relevant nudge/nudges, that help solving these biases, respective
smoothing their impact.
(Approximately 2 – 3 pages. Use any source or research you like, but do not forget to
cite your sources)

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