Behavioural economics is hot.

In this edition of Development Drums, I talk to Varun Gauri, Senior Economist with the Development Research Group of the World Bank and Co-Director of the World Development Report 2015: Mind, Society, and Behavior.

Varun explains the principles of behavioural economics, and discusses how they apply to development economics. He also discusses how these biases also affect development agencies and their staff, and the implications of behavioural economics for development agencies themselves.

Download the full transcript.