Related Experiment Video
Updated: Jul 8, 2026

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
Published on: March 2, 2011
Turning policy implications into policy impact: Lessons from behavioral science in financial markets
Alycia Chin1, Katherine G Carman1, Adam W Craig2
1U.S. Securities and Exchange Commission, Office of the Investor Advocate, Washington, DC 20549.
Abstract:
We describe how research can inform policymaking. We begin by summarizing the policy formation process, offering a framework illustrating how interactions between scientists and policymakers can provide mutual benefits. We then describe four research initiatives from the Securities and Exchange Commission's Office of Investor Research (OIR) as examples of how behavioral sciences can help inform policymakers. The first initiative established a probability-based nationally representative survey panel focused on US investor behavior. The remaining three examined investor communications for mutual fund benchmarks, emerging annuities (known as registered index-linked annuities), and mutual fund fee visuals. We conclude by synthesizing our work and describing practices that can help scientists have policy impact, not just policy implications.
Related Concept Videos
Impact of Individuals on Individuals
Social Psychology and Individual Behavior
Behavior Modification
A real-world application of operant conditioning principles is applied...
Behaviorism
The core premise of behaviorism is its focus on observable behavior rather than internal thoughts or feelings. This approach argues that true scientific...
First Impression
Timing and Consequences on Behavior
Humans, however, can respond to delayed reinforcers. We often make decisions between immediate small rewards and delayed larger rewards. This ability to delay gratification is a significant factor...