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- Publication
- 8th Dec 2015
A head for hiring: the behavioural science of recruitment and selection
This report, written for the CIPD by the Behavioural Insights Team, outlines ways in which harnessing knowledge about how we actually behave can help those engaged in recruitment to improve outcomes for organisations.
- Blog
- 26th May 2016
Applying behavioural insights to regulated markets
It’s clear that regulated markets are not currently delivering the best outcomes for UK consumers. In the UK, we are collectively overpaying for mobile phone contracts by £355 million a year and almost 9.5 million households would be able to save over £300 each year by switching energy provider. In…
- Report
- 26th May 2016
Applying behavioural insights to regulated markets
In this report we set out a new vision, arguing that placing behavioural insights at the heart of regulation will reap significant benefits for consumers.
- Blog
- 16th Aug 2016
Designing a behaviourally informed banking market
Last week the Competition and Markets Authority (CMA) published the final report of their retail banking market investigation. The CMA has identified that currently, only a tiny proportion of customers switch to a different bank in any year; despite the fact that many of them could save about £90 a…
- Blog
- 6th Oct 2016
Setting smarter defaults for workplace pensions
By changing the default from opt-in to opt-out, automatic enrolment is successfully reversing the long-term decline in the number of people saving into workplace pensions in the UK. Opt-out rates have been between 8 and 14 per cent, rather than the 28 per cent the Department for Work and Pensions…
- Publication
- 20th Oct 2016
Poverty and decision-making: How behavioural science can improve opportunity in the UK
This report puts forward 18 recommendations on how behavioural science can improve opportunity in the UK in six key policy areas: consumer credit; rainy day savings; employment; welfare entitlements; child development; and post-secondary education.
- Blog
- 23rd Jan 2017
Boosting economic growth
One area where behavioural economics has had surprisingly little impact – rather ironically - has been economic policy. The UK’s Industrial Strategy, published today, starts to change this. Adam Smith wrote extensively of the role of sentiment. Keynes highlighted how shocks and booms are driven by ‘animal spirits’. More recent…
- Blog
- 11th Jul 2017
Be the Business: boosting productivity in the UK
This morning saw the launch of ‘Be the Business’, the new movement from the UK’s Productivity Leadership Group (PLG). The breakfast event was glitzy and polished, hosted in the cool London base of Channel 4, rather than a standard conference venue. An interesting element is that it is led by…
- Publication
- 15th Aug 2017
A review of optimism bias, planning fallacy, sunk cost bias and groupthink in project delivery and organisational decision making
A literature review to accompany our full report, An Exploration of Behavioural Biases in Project Delivery at the Department for Transport
- Blog
- 23rd Nov 2017
Applying behavioural insights to labour markets
Employment is perhaps one of the areas that can benefit the most from the application of behavioural insights and robust evaluation. From both the supply and demand side of the labour market, small changes can have big effects. Small percentage increase to employment figures can mean substantial wellbeing improvements to…