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1-10 of 29 results

  • Working paper
  • 18th Mar 2024

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
  • 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…

  • 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
  • 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…

  • 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
  • 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.

  • 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
  • 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

  • Working paper
  • 11th Nov 2022

Improving Public Understanding of Economic Statistics (2 of 2)

This study by BIT and the National Institute of Economic and Social Research (NIESR) and carried out as part of the research programme of the Economic Statistics Centre of Excellence (ESCoE) and funded by the Office for National Statistics (ONS) explores the role of the media as an intermediary for…

  • Working paper
  • 11th Nov 2022

Improving Public Understanding of Economic Statistics (1 of 2)

Previous research has found that the UK public feel economics and economic statistics are communicated in a way that is “confusing”, “complicated” and “difficult to understand”. We also know that the UK public want to hear more economic information directly from economic statistics producers who they trust and without the…