Certified Specialist Programme in Behavioral Economics for Policy

About this Podcast

HOST: Welcome to our podcast, today I'm thrilled to have [Guest's Name], an expert in Behavioral Economics and the instructor of the Certified Specialist Programme in Behavioral Economics for Policy. Can you tell us a bit about this course and what inspired you to create it? GUEST: Thanks for having me! This program is designed to help policymakers and analysts understand cognitive biases and how they impact decision-making. I wanted to provide practical tools and real-world examples so that participants can design more effective policies, especially in areas like public health, environmental policy, and economic development. HOST: That sounds fascinating. How do cognitive biases play a role in policy-making and what are some common examples you've encountered in your experience? GUEST: Cognitive biases can significantly affect policy-making outcomes. For instance, the confirmation bias can lead analysts to give more weight to information that supports their existing beliefs, potentially overlooking crucial data. Another example is the availability heuristic, where people make decisions based on the most easily accessible information, which might not always be the most representative or accurate. HOST: I see. As you mentioned, this course covers various applications of behavioral economics in public health, environmental policy, and economic development. Could you share some insights on how behavioral economics can help improve these specific areas? GUEST: Absolutely. In public health, behavioral economics can help design interventions that nudge people towards healthier choices, such as opting for a salad instead of a burger. When it comes to environmental policy, understanding cognitive biases can help create campaigns that effectively promote sustainable practices, like recycling or energy conservation. Lastly, in economic development, behavioral economics can inform the design of programs that foster entrepreneurship and financial inclusion, helping to reduce poverty and inequality. HOST: It's clear that behavioral economics has a lot to offer in these fields. As an instructor, what challenges have you faced while teaching this subject, and how have you addressed them? GUEST: One challenge is helping students unlearn some misconceptions they might have about how people make decisions. To tackle this, I use interactive modules, case studies, and group discussions to encourage students to reevaluate their assumptions and apply the concepts to real-world scenarios. HOST: That's a great approach. Lastly, where do you see the future of behavioral economics in policy-making, and what advice would you give to those considering this course? GUEST: I believe behavioral economics will become increasingly important in policy-making as governments and organizations recognize the value of evidence-based, people-centered approaches. For those considering the course, I'd say be prepared to challenge your assumptions and embrace a new way of thinking about how policies can influence people's decisions and behaviors. HOST: Thank you so much for sharing your insights and experiences with us today. I'm sure our listeners have gained valuable knowledge about the Certified Specialist Programme in Behavioral Economics for Policy. If you're interested in boosting your career in government, NGOs, or international organizations, this course is an excellent opportunity to elevate your understanding of nudges and framing effects. Learn more about the programme details and enroll today!