Adrian Camilleri on 'Nudges Vs. Boosts'

The Sydney Behavioural Economics and Behavioural Science Meetup is pleased to welcome Adrian Camilleri! Adrian is a senior lecturer in marketing at UTS and will talk to us about the contrasting impacts of 'nudges' and 'boosts'.

NOTE THE NEW VENUE!

The blurb

There are many interventions that organizations can use to influence people's behaviour. One recent distinction is between "nudges" and "boosts". A nudge (e.g., a default option) is an intervention that shifts behavior by taking advantage of basic cognitive processes and biases (e.g. inertia, procrastination, and loss aversion). Nudges tend to shift behavior in a direction chosen by the organization. In contrast, a boost (e.g., better information) is an intervention that shifts behavior by clarifying the direction an individual should move to achieve personal objectives, which is often accomplished by enhancing an individual’s decision-making competences. Boosts tend to shift people’s behavior in a direction of their own choosing. In this talk, I will contrast a nudge intervention and a boost intervention that were designed to improve people's decision-making in the context of retirement savings.

On Adrian

Dr. Adrian Camilleri is a senior lecturer in marketing at the University of Technology Sydney Business School. He holds a bachelor’s degree in psychology, a Master’s degree in organizational psychology, and a PhD in cognitive psychology, all from UNSW. He completed postdoctoral training in marketing and management at Duke University. Adrian’s research uses experimental methods to understand the cognitive processes underlying judgment and decision-making, and the application of this knowledge to environmental, financial, and consumption contexts. His research has been published in Management Science, Cognition, and the Journal of Public Policy and Marketing. You can learn more about him at www.adrianrcamilleri.com.

And on the venue:

We're grateful for the folks at WeWork for use of their space! You will find us at the Level 3 Common Space and you can find more about WeWork at wework.com