Behavioral Economics Under Fire As Celebrity Scientists Accused of Fraud and 'Nudge' Politics Seen as Inadequate
-
Celebrity behavioral scientists like Ariely and Gino have been accused of fabricating data in numerous studies.
-
Behavioral economics was influential in the Obama administration's embrace of "nudges" to subtly influence behavior.
-
The "nudge" approach appealed to Obama since it didn't require major redistributive changes.
-
Mainstream outlets are now criticizing behavioral economics' focus on the personal over the systemic.
-
The politics of tweaks seem outdated given today's large problems like inflation and the climate crisis.