THE POWER OF FIFTY BITS

THE NEW SCIENCE OF TURNING GOOD INTENTIONS INTO POSITIVE RESULTS

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Author - Bob

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The Quest for a Louder Car

October 16, 2009
by Bob
1 min read

The New York Times reports on an audio nudge to reduce injuries from electric vehicles: Safety experts, worried that hybrids pose a threat if pedestrians, children, and others can’t hear them approaching, want automakers to...

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  • Bias to the present
  • Piggybacking
  • Simplify Wisely
  • Uncategorized

Why We All May Be in Better Shape Soon

October 12, 2009
by Bob
3 min read

I recently spent the weekend in California with my wife, sister-in-law, and niece.  My in-laws have a Wii gaming console, of which I’ve heard but never played.  Suffice it to say that I played more video games during...

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  • Precommitment
  • Social norms

Making It Easier to Be Green

September 30, 2009
by Bob
1 min read

The Nudge blog updates readers on a pilot project that seeks to reduce the carbon footprint in the United Kingdom: The residents are asked to make pledges in a face-to-face conversation with one of the canvassers who have been...

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  • Active Choice
  • Intent/Behavior Gap

Designing Organ Donation Programs

September 29, 2009
by Bob
2 min read

Richard Thaler, co-author of Nudge, writes an interesting piece about the behavioral economics of organ donation for The New York Times. Research has long shown that opt-in donor registration programs result in low rates of...

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  • Adaptive vs. Rational
  • Lazy Brain

Krugman on Ketchup Economics

September 9, 2009
by Bob
3 min read

In a recent piece in The New York Times, columnist and economics professor Paul Krugman schools us on the limitations of neoclassical economics.  It’s a great piece, and one of my favorite bits is his reference to...

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  • Fifty Bits Design
  • Opt Out
  • Precommitment
  • Simplify Wisely

Obama: New Initiatives Apply Behavioral Economics to Increase Retirement Savings

September 5, 2009
by Bob
2 min read

The Obama administration is throwing some serious behavioral economics at our country’s savings problems, reports The New York Times. The new initiatives are based on a healthy dose of simplicity and ease of use. Mr. Obama...

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  • Inattention
  • Simplify Wisely

Can We Make the Pharmacy Benefit as Easy as Using an Egg Timer?

September 3, 2009
by Bob
2 min read

Nick de la Mare over at frog design recently underscored the interesting distinction between tools and machines: While tools offer a clear linkage between user and task, the machine offers an advantage in functionality with the...

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  • Active Choice
  • Bias to the present
  • Intent/Behavior Gap
  • Piggybacking
  • Precommitment
  • Self Control

Ken Arrow on Behavioral Economics

August 6, 2009
by Bob
3 min read

Conor Clarke of The Atlantic interviews Nobel laureate Ken Arrow and touches briefly on behavioral economics: This time around it seems like you hear a lot of dissatisfaction with the rational expectations model. What do you...

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  • Adaptive vs. Rational
  • Simplify Wisely

More Behavioral Economics at NEJM

August 4, 2009
by Bob
2 min read

One potential element of healthcare reform is the provision of insurance exchanges, an arrangement designed to allow small businesses and individuals access to more affordable health insurance.  A question arises, however, as to...

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  • Adaptive vs. Rational
  • Fifty Bits Design

The Spectrum of Healthcare Consumerism: A Revolution is at Hand

July 30, 2009
by Bob
3 min read

At the core of Express Scripts’ Consumerology products and services is something we call the healthcare consumerism spectrum. This is our visual reminder that consumerism in healthcare is much broader than financial...

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