ECOS 3016 Experimental and Behavioral Economics Paper

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help me finish this behavior economic assignment need 1500 words
https://www.instituteforgovernment.org.uk/sites/de…
https://www.behaviouralinsights.co.uk/wp-content/u…

https://behaviouraleconomics.pmc.gov.au/

https://behaviouraleconomics.pmc.gov.au/

Center for Advanced Hindsight

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ECOS3016
Experimental and Behavioural Economics
Dr. Cheung
Assignment
Group project
The topic is unchanged from the draft. But remember that for the purpose of this assignment
you can assume there are no constraints on vaccine supply or choice of vaccines.
Write a behavioural economic analysis of barriers to COVID-19 vaccination uptake, and propose a
novel behaviourally-informed policy intervention to promote vaccination, with reference to an identified
specific population of interest.
Your paper should include:
• A clear statement of your target population. It can be any well-defined group for whom
simply making vaccines available in abundant supply may not suffice to ensure adequate
uptake. You might define it with reference to characteristics such as age, socioeconomic
status, cultural background, health status, etc. Be clear and specific, as you will write the
rest of the paper with reference to this population. Avoid defining it over broadly, unless
you specifically intend to propose an intervention that will apply equally broadly.
• A discussion of key barriers to vaccine uptake in the target population. This should be
informed by relevant behavioural economics concepts, but may also involve standard
economic factors as well as other relevant insights. While some barriers will be relevant
universally (and it is appropriate to discuss them), where possible try to identify ones
that are likely to be of specific importance in your chosen population.
• A proposal for a novel policy intervention to promote vaccine uptake in the target population, which must include a behavioural component (although it may be yoked with classical tools such as incentives or information). Explain how your proposed intervention
specifically addresses one or more of the barriers you identified above (or their underlying behavioural biases, psychological mechanisms, etc.) and is thus likely to be effective.
You might also address any potential risk of “backfiring” or unintended consequences.
• OPTIONAL: A poster or short video illustrating how you would communicate your idea
directly to the target group. Only consider this if proposing something particularly novel
/ outrageous / otherwise difficult to explain. This would not count to the word limit,
but note that creativity does not trump sound economic analysis in the paper itself.
Note: While a few of our workshops have been earmarked as supporting this assignment, you
should not limit yourself to the topics of those workshops in searching for ideas. There are
many relevant ideas to be found in the lectures, textbook etc. as well.
Write the paper for a senior bureaucrat or minister who is university-educated but not trained
in behavioural economics. You can bring in complex technical arguments provided you explain them in a clear and accessible manner. But try to keep it engaging and to-the-point.
Groups: See this link for instructions on how to find your groups in Canvas. Note you are in
a “group” of one if you chose to submit individually. Let me know by email if you think I
implemented your preference incorrectly.
Mechanics: Use any accepted referencing style, but apply it consistently. Inline references (Cheung, 2021) count to the word limit of 1,500 words, but the bibliography does not. (BTW, please
don’t cite the lecture slides because that is a. lame, and b. lazy.) The assignment counts for 25%
of the assessment in ECOS3016, and is due at 23:59 on Friday 12 November. Instructions on
how to submit will be posted on Canvas closer to that date.
1
Your paper should include:
• A clear statement of your target population. It can be any
well-defined
group
for whom
simply making vaccines available in abundant supply may not suffice to ensure adequate
uptake. You might define it with reference to characteristics such as age, socioeconomic
status, cultural background, health status, etc. Be clear and specific, as you will write the
rest of the paper with reference to this population. Avoid defining it over broadly, unless
you specifically intend to propose an intervention that will apply equally broadly.
• A discussion of key barriers to vaccine uptake in the target population. This should be
informed by relevant behavioural economics concepts, but may also involve standard
economic factors as well as other relevant insights. While some barriers will be relevant
universally (and it is appropriate to discuss them), where possible try to identify ones
that are likely to be of specific importance in your chosen population.
Possible target group:
Macro: Blue collar workers. Mirco: port-workers
Potential reasons for not getting vaccine:
1. Risk-Averse: Concerns for Safety
although some of these might be valid: immunocompromised?)
2. Asymmetrical Information: Misinformation / Ideological or Conspiratorial
Hesitation
3. Cost / Opportunity cost, non-financial cost
4. Overconfidence, free rider, others get vaccine so I don’t have to
Possible behavioural or behavioural-standard co-opted solutions:
1. Ego
…this seems like a precarious but effective tool

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Explanation & Answer:
1500 Words

Tags:
behavioral economics

policymaking in society

port workers

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