Question

Firms that automatically enroll their employees in retirement plans, giving them the option to opt-out instead of to opt-in, is an example of a form of behavioral economics known as Question 17 options: A) nudges. B) network externality. C) anchoring. D) the endowment effect.

Name: firms that automatically enroll their employees in retirement plans giving them the option to opt out instead of to opt in is an example of a form of behavioral economics known as question 1 75367
Uploaded: 2024-05-15T04:55:20-08:00
Duration: 3 min 47 s
Channel: Adi S
Description: firms that automatically enroll their employees in retirement plans giving them the option to opt out instead of to opt in is an example of a form of behavioral economics known as question 1 75367

          Firms that automatically enroll their employees in retirement plans, giving them the option to opt-out instead of to opt-in, is an example of a form of behavioral economics known as
Question 17 options:
A) 
nudges.
B) 
network externality.
C) 
anchoring.
D) 
the endowment effect.

Added by James S.

Principles of Economics

Gregory Mankiw 8th Edition

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Solved by Expert Adi S

05/15/2024

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The question is about firms automatically enrolling employees in retirement plans and giving them the option to opt-out instead of opt-in. This is a specific behavior modification strategy in economics. Show more…

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Firms that automatically enroll their employees in retirement plans, giving them the option to opt-out instead of to opt-in, is an example of a form of behavioral economics known as Question 17 options: A) nudges. B) network externality. C) anchoring. D) the endowment effect.