Psychology of Economic Decision-Making
Social welfare refers to a system of programs, services, and institutions designed to provide assistance and support to individuals and families in need, aiming to promote their well-being and improve their quality of life. It encompasses various aspects such as health care, education, housing, and income support, focusing on addressing social inequalities and enhancing the overall welfare of society. The application of behavioral insights in social welfare raises ethical considerations regarding the nudges or interventions that may influence individuals' decision-making processes.
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