A mistake is a choice that:
A) the chooser later regrets.
B) is created by a choice architect but has unintended consequences.
C) leaves society as a whole worse off, but may still benefit the chooser.
D) policymakers think choosers should not make.
Correct Answer:
Verified
Q15: Behavioral economists accept that: people try to
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Q17: The success of the SMarT program, which
Q18: Choice architecture is the:
A)organization of the context
Q19: Choice architecture can:
A)alter actual decisions and thus
Q21: The average person is more likely to
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Q23: The endowment effect is the tendency to:
A)place
Q24: Time inconsistency describes:
A)a situation in which we
Q25: Loss aversion is:
A)a general tendency to prefer
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