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A General Critique of Potential “Behavioral Economics” Rationales for Regulating Big Tech: and Specific Possibilities

BY | October 31, 2022

While most regulatory scrutiny of the big tech sector is couched in terms of competition or lack thereof, behavioral economics may provide rationales outside that framework.  Behavioral economics is generally…

While most regulatory scrutiny of the big tech sector is couched in terms of competition or lack thereof, behavioral economics may provide rationales outside that framework.  Behavioral economics is generally problematic as a policy guide, as it undercuts the basis for benefit cost analysis and invites policy makers to substitute their preferences for those of the public they presumably serve.  However, it suggests some potential rationales based on thinking being costly and weakness o

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