" Policy and Choice is a must-read for students of public finance. If you want to learnhow the emerging field of behavioral economics can help lead to better policy, there isnothing better." —N. Gregory Mankiw, Harvard University, former chairman of the President's Council of Economic Advisers, and author of Principles of Economics|"This fantastic volume will become the standard reference for those interested inunderstanding the impact of behavioral economics on government tax and spendingpolicies. The authors take a stream of research which had highlighted particular'nudges' and turn it into a comprehensive framework for thinking about policy in amore realistic world where psychology is incorporated into economic decisionmaking.This excellent book will be widely used and cited." —Jonathan Gruber, Massachusetts Institute of Technology, former Treasury Department official, and author of Public Finance and Public Policy|"The proper design of public policy has never been more important, and it will beshaped by the emerging insights of behavioral economics. Congdon, Kling, andMullainathan have produced a clear and accessible road map to the key issues." —Douglas Holtz-Eakin, American Action Forum president and former director of the Congressional Budget Office|"For decades, economists have been advising governments with an impoverishedtoolkit because they based their advice on a fully rational depiction of human behavior.This book shows the world how much more powerful economic science can be whenit is enriched with important insights from psychology. If you are a public financescholar or practitioner you need to read this book right now; don't procrastinate!" —Richard H. Thaler, University of Chicago, coauthor of Nudge|"Congdon, Kling, and Mullainathan have provided a lucid and crisply written primer onhow to apply insights from psychology to important issues that arise in public sectoreconomics. This volume will be of interest not only to students in public finance courses,but also to researchers who want to find out what behavioral economics is all about." —Harvey S. Rosen, Princeton University, former chairman of the President's Councilof Economic Advisers, and author of Public Finance