Law and Economics Commons^™

Teoría Prospectiva, Efecto Marco Y Los Mensajes De Disuasión De Consumo De Tabaco En Colombia, Daniel Monroy

Daniel A Monroy C

The main target of this reflex paper is to explain some ideas about behavioral economics, such as the Prospect Theory and the framing effect, as well as its possible implications for the law, especially in the context of tobacco control law in Colombia and the current package warning labels. The paper concludes that these warnings have the potential to reduce the tobacco consumption. However the effectiveness of these messages could be increased if the information is reframed in an alternative way.

This paper is based in other one called: "ANÁLISIS ECONÓMICO-CONDUCTUAL DE LA REGULACIÓN ANTITABACO EN COLOMBIA: El efecto marco …

Análisis Económico-Conductual De La Regulación Antitabaco En Colombia: El Efecto Marco Y La Fuerza De Voluntad Limitada, Daniel Monroy

Daniel A Monroy C

This paper explains some ideas about behavioral economics, such as the framing effect and the bounded willpower, and its possible implications for the law, especially in the context of tobacco control law in Colombia. The paper concludes that the current warnings on cigarette packages have the potential to reduce the tobacco consumption. However the effectiveness of these messages could be increased if the information is reframed; likewise, the paper shows that the legal ban of cigarette retail market, doesn’t weigh up the negative consequences of bounded willpower, which can lead paradoxically to encourage smoking.