In this episode of the Marginal Babble Podcast, I sit down with Dr

Jingnan (Cecilia) Chen to discuss behavioural nudges, how they can be

used to guide our decision making and the ethical questions they pose.

Dr Chen has a PhD in Economics from George Mason University, and her

research focuses on Behavioural Economics and Game Theory. As ever

referenced research material is included below.

Enjoy!

00:00 Opening

00:30 Introduction

01:12 What is a ''Nudge"?

02:01 Examples of Nudges

03:59 Ethics of Nudge Use

08:01 "When a nudge is (not) enough" Research Discussion

16:56 What is a Prisoners Dilemma?

20:21 Prisoners Dilemma in the Research

24:35 Takeaways from the Study

29:35 Is the use of Students Compromising Scientific Research?

31:43 Governmental Use of Nudges

34:28 Are Nudges Cost-Effective?

38:39 Should Nudge Use Be Regulated?

40:24 Subscription Auto-Renewals

45:52 What Behavioural Economics Research Should Be Conducted in the Future?

48:55 Cecilia's Other Research

50:23 Outro

Dr Cecilia Chen:

https://business-school.exeter.ac.uk/people/profile/index.php?web_id=Cecilia_Chen

1) When Choice is Demotivating: Can One Desire Too Much of a Good

Thing?, Iyengar & Lepper, 2000

https://faculty.washington.edu/jdb/345/345%20Articles/Iyengar%20%26%20Lepper%20(2000).pdf

2) The meaning of default options for potential organ donors, Davidai et

al, 2012

https://www.pnas.org/doi/10.1073/pnas.1211695109

3) How to Spot—and Avoid—Dark Patterns on the Web, Eric Ravenscraft,

2020

https://www.wired.com/story/how-to-spot-avoid-dark-patterns/

4) When a nudge is (not) enough: Experiments on social information and

incentives, Jingnan (Cecilia) Chen et al, 2021

https://www.sciencedirect.com/science/article/abs/pii/S0014292121000647

5) Prisoner’s Dilemma, CFI, 2023

https://corporatefinanceinstitute.com/resources/economics/prisoners-dilemma/

6) Pareto Efficiency, Game Theory 101, 2023

https://gametheory101.com/courses/game-theory-101/pareto-efficiency/

7) Sustainable Development of the Ocean Economy! | Marginal Babble Ep.11

with Dr Ethan Addicott, Marginal Babble Podcast, 2023

https://youtu.be/hrGOEvdgOfU

8) “Nudge Unit”, Jill Rutter, 2020

https://www.instituteforgovernment.org.uk/article/explainer/nudge-unit

9) Behavioural Economics - What is Loss Aversion?, tutor2u.com, 2023

https://www.tutor2u.net/economics/reference/behavioural-economics-loss-aversion

10) How Much Choice is Too Much? Contributions to 401(k) Retirement

Plans, Iyengar et al, 2004

https://academic.oup.com/book/36222/chapter-abstract/315665311?redirectedFrom=fulltext&login=false

11) Axioms of Consumer Preference and Theory of Choice, David Autor,

2010

https://dspace.mit.edu/bitstream/handle/1721.1/109484/14-03-fall-2010/contents/lecture-notes/MIT14_03F10_lec03.pdf

12) The Prize in Economic Sciences 2017, nobelprize.org, 2023

https://www.nobelprize.org/prizes/economic-sciences/2017/popular-information/

13) Subscription Businesses Are Booming. Here’s How to Value Them,

McCarthy & Fader, 2017

https://hbr.org/2017/12/subscription-businesses-are-booming-heres-how-to-value-them

14) She uncovered key drivers of gender differences in the labour

market, nobelprize.org, 2023

https://www.nobelprize.org/prizes/economic-sciences/2023/press-release/

15) How Much Will Climate Change Reduce Productivity in a

High-Technology Supply Chain? Evidence from Silicon Wafer Manufacturing,

Chen et al, 2023

https://link.springer.com/article/10.1007/s10640-023-00803-4

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