TY - BOOK ID - 137252427 TI - Behavioral Insights in Infrastructure Sectors : A Survey AU - Joseph, George. AU - Ayling, Sophie. AU - Bejarano, Hernan D. AU - Cardona, Alejandra Quevedo. AU - Miquel-Florensa, Pepita. PY - 2021 PB - Washington, D.C. : The World Bank, DB - UniCat KW - Behavioral Economics KW - Development Planning and Policy KW - Energy KW - Energy and Economic Development KW - Infrastructure KW - Infrastructure Economics KW - Infrastructure Economics and Finance KW - Publicly-Provided Goods KW - Water KW - Water Economics KW - Water Resources KW - Water Supply and Sanitation Economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:137252427 AB - In the past two decades, insights from behavioral sciences, particularly behavioral economics, have been widely applied in the design of social programs such as pensions, social security, and taxation. This paper provides a survey of the existing literature in economics on the application of behavioral insights to infrastructure sectors, focusing on water and energy. Various applications of behavioral insights in the literature are examined from the perspectives of the three main actors in the infrastructure sectors: policy makers, service providers, and consumers. Evidence is presented from the literature on how behavioral regularities, such as imperfect optimization, limited self-control, and nonstandard preferences, affect the strategies, decisions, and actions of policy makers, service providers, and consumers, often leading to suboptimal outcomes for service investment, delivery, access, and use. The paper also highlights how behavioral interventions such as anchoring, framing, nonpecuniary incentives, and altering the choice architecture can lead to improvements in performance, adoption, consumption, and other outcomes of interest in the infrastructure sectors. ER -