Behavioral Welfare Economics

B. Douglas Bernheim

NBER Working Paper No. 14622
Issued in December 2008

---- Acknowledgements -----

This paper was prepared for the 2008 EEA-ESEM Meetings in Milan, Italy, where it was delivered as the Schumpeter Lecture. My thinking on this topic was profoundly shaped by numerous conversations with Antonio Rangel, as well as by our joint work, summarized in Section 4. I am indebted to an anonymous referee for thoughtful and insightful comments. I gratefully acknowledges financial support from the NSF (SES-0452300 and SES-0752854). The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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