Little is known about policy makers’ knowledge about the effectiveness of such financial incentives. There are reasons to believe that policy makers are not accounting for the potential pitfalls identified in the literature. Another reason is that policy makers make frequent and ongoing use of financial incentives to promote contributions to public goods. There are also theoretical reasons to believe that financial incentives may have limited effectiveness in this context. During this period, our team collaborated with the German town of Ravensburg to test policy makers’ predictions of a policy that relied on financial incentives to promote COVID-19 vaccination.

Source: New York Times January 22, 2024 13:52 UTC