How Behavioral Economics can Help Low Income People Save for the Future
Details
Jon Zinman, Behavioral Economist from Dartmouth, will give a 1-hour talk on how to apply behavioral economics to personal savings behavior.
Jon Zinman is the head of Innovations for Poverty Action (IPA)’s US Household Finance Initiative, and has extensive experience designing and testing products that successfully help people free themselves of debt and save money for the future.
He’ll outline:
the core cognitive challenges that we all face as we handle money , how the design of our consumer financial markets exacerbate these challenges, and innovative ways to help low income households change their daily financial behavior. He'll also give numerous examples of successful projects from the United States, Philippines, and Peru.
The techniques and experimental results from these studies are especially important for designers, developers, and development professionals designing programs to impact the resiliency of undeserved and financially distressed populations.
The talk is being hosted at the OpenGovHub, and will be particularly relevant to NGOs and international organizations working on development: WB, IMF, USAID.
The meetup will run from 6:30 to 8:00pm:
30 minutes for networking and food, 60 minutes for the presentation and discussion Free food and adult beverages. See you all there!
