How can we use behavioral economy studies to setup better policies that secure integrity and help us to reduce corruption .
what is the best approach to use ?
is there is a previous use of prospect theory in the field of anti-corruption ?
Mr Kayode
here a good point to start
https://www.behavioraleconomics.com/resources/introduction-behavioral-economics/
Hi, I guess it is a convenient way to study corruption in a "consumer-choice" setting. Bounded rationality could play a role, where people will take bribes maybe not because they really want, but because not taking it would disrupt the going system and maybe cause a punishment by peers. So asking and taking bribes might become the non-optimal, least disruptive shortcut solution. Still, inserting the loss-aversion paradigm, one could argue that punishments could bring this system out of balance towards a more Pareto efficient solution.
These are just some quick thoughts. Hope it helps.