Full course description
Behavioral economics is a relatively new field at the intersection of economics and psychology. This course offers an introduction to behavioral economics and its applications to health and health care. In it, we will examine the key conceptual underpinnings of the field. We will discuss in detail the structure of choice environments and the ways that people are influenced by how choices are structured. We will consider the design of incentives and various approaches used to “supercharge” incentive programs using behavioral economic principles. We will consider the use of social incentives and social comparisons as a way of achieving better physician performance. We will conclude with a description of how behavioral economics is used in public policy, as well as the interesting question of when a “nudge” becomes a shove.