In the United Kingdom, the Financial Conduct Authority banned the sale of add-on insurance products through automatic tick boxes on the basis of behavioural evidence that consumers cannot compare products in this setting (Iscenko et al 2014).
Since behavioural economics and finance can help to create more targeted and effective policy solutions, the Central Bank of Ireland is committed to using insights from these disciplines to strengthen consumer protection and promote healthy household finances. In terms of my wish list for university research, let me highlight several more areas.