While the above article focus on application of Behavioral economics in workplace there are also interesting developments in the field of academic learning and policy.
Behavioral economics principles are becoming a powerful design stack for creating human-centered education practice and policy.
It can be used in a variety of educational decision-making contexts like:
Math and Science Learning.
Optimizing student learning and collaboration.
The architecture of school cafeterias encourages children to select healthier eating options.
They explored the power of behavioral economics to
influence the level of effort exerted by students in a low stakes testing environment, in which the following insights emerged:
Firstly, they found a substantial impact on test scores
from both financial and non-financial incentives when the rewards are delivered immediately.
Secondly, they found suggestive evidence that rewards framed as losses outperform those framed as gains.
Thirdly, they found that non-financial incentives
can be considerably more cost-effective than financial incentives for younger students, but are less effective with older students.
Finally, they found that all of the motivating power of incentives vanishes when rewards are handed out with a delay.