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Unintended Consequences: Ambiguity Neglect and Policy Ineffectiveness

Lorán Chollete1, Sharon G Harrison2

  • 1Welch College of Business and Technology, Fairfield, CT USA.

Eastern Economic Journal
|February 8, 2021
PubMed
Summary

Policymakers face uncertainty when introducing new policies because citizen choices are unknown. To avoid unintended consequences, policymakers should first understand citizen preferences before implementing novel policies.

Keywords:
Ambiguity neglectChoice constructionExternalitiesPolicy ineffectivenessUnintended consequences

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