USEmployees Who Formerly Wanted to Defer Part of Their Compensation

Multiple Choice

U.S.employees who formerly wanted to defer part of their compensation to a retirement plan typically had to lower their take-home pay as they "opted in" to the plan.Now companies are being encouraged to enroll their employees in the plan automatically while allowing them to choose to raise their take-home pay by "opting-out" of the plan.Under the "opt-out" rather than "opt-in" system,enrollments in retirement plans soared.This is an example of the effects of

A) overconfidence.
B) confirmation bias.
C) framing.
D) belief perseverance.