ISET’s Policy Institute is proud to announce the unveiling of its Regulatory Impact Assessment (RIA) Manual. The ISET Director, Tamar Sulukhia, introduced a presentation of the work, where she thanked governmental and donor initiatives alongside USAID for all the assistance provided during the process. Since the institutionalization of RIAs in Georgia last year, such assessments have become vital to the country. Crucially, having completed 24 RIAs thus far, ISET was in the perfect position to author the Manual based on years of experience and expertise.

Laura Berger from USAID and Davit Korakhashvili from the Government of Georgia went on to highlight the vast benefits of RIAs, which have been used in effective policy creation since 2015 in Georgia. They emphasized their significance in draft laws and for policymakers, and also in the impact on democratic development. Thus, ISET’s RIA Manual for Practitioners will act as a roadmap for success during the institutionalization process.

ISET would like to heartily congratulate resident faculty members Norberto Pignatti and Karine Torosyan on the publication of a new article, “Patience, Cognitive Abilities, and Cognitive Effort: Survey and Experimental Evidence From a Developing Country” in American Behavioral Scientist [NOTE: those unable to access the published version can find the latest version of the working paper here].

In the piece, the authors examine the relationship between patience and various measures of cognitive ability, as taken from a sample of 107 participants drawn from the adult population in Tbilisi. The paper sheds light on the relationship between cognition and patience by documenting that the correlation between cognitive abilities and delay discounting is weaker for the same group of individuals if the choices are incentivized. The authors speculate that higher cognitive effort, which induces higher involvement of the cognitive system, moderates the relationship between patience and cognition.

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