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Essay

asymmetric paternalism

Essay specific features

 

Issue:

Business

 

Written by:

Opal C

 

Date added:

March 4, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 986

 

Was viewed:

1453 times

 

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Essay content:

The authors state that the paternal regulations discussed are those developed on an individual basis. The regulations are designed so that those that are uneducated in a particular area are greatly benefited by the regulations, and those whom are already educated, or fully rational, are not affected by the regulation...
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The boundedly rational individuals are those who fail to act in their own best interests and fail to use self-control when making choices. The purpose of the article is to help evaluate regulations which are paternalistic and have the regulations designed so that the set limits and boundaries are the boundedly rational, to help them make choices in their best interest and not make mistakes, at the same time not affecting the rational individuals...
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