Advertisement

These policy tips, based on behavioural economics, can help mitigate India’s Covid-19 panic

These policy tips, based on behavioural economics, can help mitigate India’s Covid-19 panic

An unprecedented lockdown and economic relief measures have been announced in India. Almost never has it been more necessary for government policy to succeed. Behavioural economics has shown us that NUDGES (Thaler and Sunstein, 2008) can be crucial in getting the necessary response from individuals, which in turn can determine the success or failure of policy.