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Business Daily

A nudge in the right direction

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 24 August 2020

⏱️ 17 minutes

🧾️ Download transcript

Summary

Can a simple nudge change behaviour for the common good - even in potentially life and death situations? Elizabeth Hotson talks to Helena Rubenstein, Head of Behavioural Science of Innovia Technology, about a successful experiment to stop drink driving and Martine Visser, economics professor at the university of Cape Town, explains how nudging the inhabitants of South Africa’s most populous city to use less water, averted Day Zero. Plus Erez Yoeli, a research associate in altruism at MIT tells us how selfish people can be persuaded to act in everyone’s best interests. And Ravi Gurumurthy CEO of charity, Nesta, explains how the Behavioural Insights Team applies behavioural science to public policy. Produced by Sarah Treanor. (Picture of bing soo by Elizabeth Hotson).

Transcript

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0:00.0

I'm Elizabeth Hotson and in today's Business Daily, we'll be asking whether a simple nudge can change behaviour for the common good, even in potentially life and death situations.

0:14.1

People reduce their consumption of water in response to these nudges.

0:18.4

This was sustained over the entire two-year period even after we'd

0:23.9

stopped sending people the nudgeers. But what is the right thing? And can selfish people

0:30.2

turning to altruists? A major part of why people are good is this reputation piece that they

0:36.3

want to be seen as good people in

0:37.6

their society, they don't want to be seen as mooches, and so we try to tap into that.

0:42.0

This is Business Daily from the BBC.

0:56.4

Over the last two weeks

0:57.9

I've eaten in restaurants and cafes

1:00.0

far more than I usually would have done

1:01.9

15 times to be precise

1:04.3

One of these was a Korean dessert emporium

1:07.6

which specialises in a flavoured

1:09.9

shaved ice confection called Bing Su.

1:15.6

Since it's half price, I'm going to go for the regular Oreo.

1:19.7

It's £4.50 instead of £9. I can't really refuse that kind of offer, can I?

1:26.5

The UK government is offering consumers 50% off the price of food and soft drinks

1:31.9

for eating orders on Mondays to Wednesdays during August.

1:36.0

The scheme is taxpayer-funded and consumers can get up to £10 or around $13 off their bills.

1:43.8

I'm on promotion number 14 and I'm in a posh kebab place.

1:48.7

I'm going to order a main kebab, some pork, bainier and a side of broccoli.

...

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