Abstract
A systematic review of the nudge literature and an examination of its applications across different domains reveals that: (i) a nudge, in the sense of using choice architecture to push people to choose desired results, works well; and (ii) a nudge, in the sense of pushing people to choose desired results so that people will be better off, remains questionable. In financial markets, regulators and financial intermediaries currently use nudge theory to: (i) adjust how investment choices are presented to investors; and (ii) provide information in a selective way. Besides nudging investors, it is also possible for regulators to nudge financial intermediaries towards making more ethical decisions.
| Original language | English |
|---|---|
| Pages (from-to) | 3341-3365 |
| Number of pages | 25 |
| Journal | Accounting and Finance |
| Volume | 60 |
| Issue number | 4 |
| Early online date | 28 Mar 2019 |
| DOIs | |
| Publication status | Published - Dec 2020 |
| Externally published | Yes |
Bibliographical note
Copyright © 2019 The Authors. Accounting & Finance published by John Wiley & Sons Australia, Ltd on behalf of Accounting and Finance Association of Australia and New Zealand. Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.Keywords
- Financial market
- Investment decision-making
- Nudge