In this article we develop a taxonomy of behavioral policy measures proposed by Thaler and Sunstein (2008). Based on this taxonomy, we discuss the ethical legitimacy of these measures. First, we explain two common reservations against nudges (choice architecture) rooted in utilitarian and...

Recent research suggests that altruism can be surprisingly tenuous; minor situational variations can turn altruism on and off. For example, if provided with sufficient cover, “reluctant altruists” will often avoid situations that compel them to give, and they may even secretly renege on...

Since the recent financial crisis, regulators and the general public have focused on financial speculation as one of its potential causes. In addition to the roles played by rating agencies and complicated financial engineering, speculative short sales have been put into question. However,...