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- Blog
- 14th Nov 2022
Statistics are too important to be confusing
Why people often find economic statistics confusing and difficult to understand and what to do about it
- Blog
- 6th Dec 2022
House of Lords hosts gambling harms event
On 29 November BIT's Gambling Policy and Research Unit (GPRU) held an event at the UK House of Lords bringing together key stakeholders, policy and decision makers who are working in the field of reducing gambling harms - GPRU's core mission. Attendees included representatives from industry organisations, support services and…
- Blog
- 4th Apr 2023
Responding to financial turbulence
A lot depends on market ‘sentiment’, i.e. economic actors’ beliefs or attitudes towards specific financial instruments, institutions or entire market segments, in turn influencing their behaviour. A critical element shaping confidence is the expectation of how others will act.
- Policy proposal
- 1st Aug 2023
Using behavioural market design to align gambling operator incentives with consumer interests
This discussion paper presents ideas to reduce gambling harm by reshaping the market. In the UK gambling market, incentives are not strong enough for operators to prevent gambling harm, apart from at the extreme ends. A well-designed market would align operator incentives with improving consumer welfare and well-being.
- Blog
- 14th Aug 2023
Moving to scale: highlights from year 2 of the gambling unit, and looking ahead to year 3
The past 12 months have seen big changes in the UK gambling space. The release of the white paper, of course, but also the largest fine for a gambling operator, partly for failing to protect those who gamble from harm. The end of these 12 months also marks the end…
- Blog
- 2nd Oct 2023
Learn how to use behavioural science to improve your business leadership & decision-making
But by understanding how and why we make the decisions that we do, we can improve how we make decisions as individuals and how large groups of people make decisions at scale.
- Blog
- 13th Mar 2024
Growth Vouchers: Introducing Randomised Control Trials to Government Policy
The Centre for Economic Performance at the LSE recently published the results of a randomised control trial to evaluate the impact of business Growth Vouchers. BIT was involved in the design of this trial from the very beginning and here we reflect on the importance of RCTs, why this one…
- Working paper
- 18th Mar 2024
Working Paper No. 005: The Shrouded Economy
Executive summary Across the economy, consumers struggle to tell the difference between good and bad products. Critical information, from price to quality, is either missing, hard to access, or hard to compare. The markets are ‘shrouded’. This has obvious costs for consumers, but the effects on the economy run much…
- Blog
- 8th Aug 2024
What counts as fair and open in gambling? We’ll need to ask the public to find out
When we ask people who gamble, we hear many different ideas of fairness depending on the context. Some describe certain practices as unfair: confusing terms and conditions, adverts that pressure and overwhelm and ‘trap’ people into gambling or spending more than they want to, and the practice of gambling companies suspending…