Summary of JOIE Article by Daniil Frolov Faculty of Economics and Management, Volgograd State Technical University, Volgograd, Russia. The full article is available on the JOIE website Sludge is an emerging concept in behavioural economics that refers to various types of perceived frictions faced by decision-makers due to the specific characteristics of choice contexts. According to…
Tag: cognitive institutions
Crafting of cognitive institutions for overcoming the Covid-19 pandemic
Summary of the JOIE article (24 January 2022) by Daniil Frolov, Faculty of Economics and Management, Volgograd State Technical University, Russia. The full article is available on the JOIE website. National governments are the main actors enforcing preventative measures to contain the COVID-19 pandemic, focusing on top-down policies and sanctions. Now it is becoming more…