Exam 23: Public Policy and Choice Architecture

The Save More Tomorrow (SMarT)program found that:

Knowing that most people do not care to be outliers,one way to get people to behave a certain way is to:

Choice architecture is:

When shopping online,as part of the check-out process,companies often have a box checked automatically that states you want to receive promotional e-mails from them.The directions instruct you to uncheck the box if you do not wish such correspondence.This practice is a good example of:

A person setting up automatic deductions through their employer so a portion of their pay goes into a "Christmas account" is an example of:

Your roommate tells you she's going to join the gym next week.A week and a half goes by and you ask her how the gym is going,and she tells you she's going to wait until the following week. Your roommate's preferences are:

When considering choice architecture,a nudge:

The average person is more likely to make a mistake choosing ___________ than what to have for dinner.

Cyndi says to you,"I'm wondering if I should study abroad in France." You studied in Germany two years ago,and found the cost of living (not counting tuition)to be about $5,000 for a semester,so you say,"I bet it will cost you about $5,000,not counting tuition." Your answer demonstrates:

Commitment devices can be:

Status-quo bias is:

A person committing to carpool with a friend to the gym for daily workouts is an example of:

A store is choosing between advertising a credit card fee or a discount for paying cash to its customers.More customers are likely to pay cash if the store owner advertises: